Binary Options Trading Opportunities – 1/17/2016

Mid-level Japanese industrial announcements

During the course of the day on Monday, we have mid-level Japanese Industrial Production type numbers, and as a result it appears that the market should continue to be very steady and all of the trends that we have seen, and therefore we are looking at the charts with that type of idea in mind.

GBP/USD continues to show weakness

The GBP/USD pair fell during the course of the day on Friday, breaking well below the 1.44 level and making a fresh, new low. Because of this, we are looking to buy puts in this marketplace as we should continue to go much lower.

WTI Crude Oil falls again

By far the easiest trade has been to buy puts every time the WTI Crude Oil market rallies. That looks as if it will continue, and as a result we are looking for short-term rallies to start buying puts in reaction to. This market should continue to go much lower, and a break below $30 should open the door to the $28 handle next.

Nasdaq 100 testing support

The Nasdaq 100 fell again during the course of the session on Friday, testing the 4125 level. The 4100 level below is rather supportive though, so a bounce from here would not be much of a surprise. However, we are looking to buy puts on short-term rallies that show signs of exhaustion above.