September 29th Binary Options Trading Opportunities

CB Consumer Confidence

There’s only one economic announcement that could move the market at the moment for the session, and that is the CB Consumer Confidence numbers out of the United States. Quite frankly, we do not expect much in the way of a reaction, unless of course it’s absolutely horrific. With that being said though, there are some technical setups that we are paying attention to at the moment.

Silver looks horrible

Silver looks horrible at the moment, as we continue to crash. The $14.50 level below often has been a reaction in one direction or the other, but now we have slammed into it again, and it looks as if we can break down below the bottom of the range for the session on Monday, we should continue to go lower, probably to the $14.25 level. If we break down below there, the $14.00 level below is also a potential target. We are put buyers only, and have no interest in buying calls at the moment.

FTSE falls, testing serious support

The FTSE fell during the course of the session on Monday, slicing through the 6000 level again. However, we see quite a bit of support at the 5900 level as well, so we are not quite ready to serve buying puts. Below the 5900 level though, we think that the market will probably fall to the 5800 level. Any rally at this point in time would be a bit suspicious to us, and we would be willing to buy puts on short-term rallies that show signs of exhaustion.

WTI Crude Oil continues to find support

The WTI Crude Oil market continues to find support near the $44 level, so we are looking for supportive candles and bounces off of that level on short-term charts in order to serve buying calls. We have no interest in buying puts until we clear the $43 level, which at that point in time the market should reach down towards the $40 level over the course of the next several sessions.