Binary Options Trading Opportunities For March 9, 2016

During the day on Wednesday, we have quite a few different announcements they can move the markets but there are 3 particular markets that we are looking at for the session in order to place trades.

WTI pulls back

Crude markets have been far too strong recently in our opinion, especially considering nothing has actually been agreed upon. Also, you have to keep in mind that the $40 level will offer quite a bit of resistance, so with this being the case we believe that sooner or later this market had to pull back. We believe in put buying opportunities, especially if the Crude Oil Inventories number is larger than anticipated.

Silver falls

Silver markets fell during the course of the day but we think that the $15.20 level offers more than enough support to turn things back around and therefore we are looking at signs of either a bounce or support in order to start buying calls yet again.

France look strong

The CAC initially fell during the course of the day on Tuesday, but we turned back around and form a hammer. It now looks as if we are ready to go much higher. If we can get above the €4500 level, we could go much higher, and that of course becomes a longer-term call buying opportunity. If we break down below the bottom of the hammer, there is no interest whatsoever in buying puts, because there are far too many buyers below.