Binary Options Asset Insights For May 20, 2016

With only a couple of Canadian announcements coming out during the day, it’s very likely the Friday will be fairly quiet. However, there are a few setups that we are paying attention to.

WTI Crude Oil

The WTI Crude Oil markets fell during the day on Thursday, but still remains above the psychologically significant $46 level. This was an area that was resistive previously, and could very well be tempting for call buyers to use as support.

Silver markets fall

Silver markets fell rather drastically during the day on Thursday, but have quite a bit of support below it is likely that call buyers will look at the area of $16 to be value. Because of this, patience will be needed but a call buying opportunity could very well present itself in that general vicinity.

DAX continues to find support

Even though the DAX fell during the day on Thursday, it has become apparent that the €9800 level continues to be very supportive. Because of this, call buyers will more than likely be attracted to this market in this general vicinity. However, look for short-term moves, not long-term ones.