Binary Options Trading Opportunities – December 7th, 2015

German Industrial Production

During the day on Monday, the German Industrial Production numbers come out, and that will be the largest announcement that we follow. We think that could have an effect on the DAX and the Euro, but beyond that we should for the most part follow the trends that have been established.

DAX looks vulnerable

The DAX looks vulnerable at the moment, as we tried to rally but gave back half of the gains during the session on Friday. The €10,800 level offered enough resistance to turn the market back around, so if we can get above there we would be buyers of calls. On the other hand, a move below the €10,600 level could send this market down to the €10,400 level.

Silver breaks out

Silver breaking above the $14.50 level of course is a bullish sign now that we have broken above the recent consolidation. With this, we are buyers of calls on short-term pullbacks and of course moves above the range for the day on Friday.

WTI Crude Oil continues to fall

The WTI Crude Oil market continues to fall during the session on Friday as we broke below the $40 level. OPEC is running into a bus all of problems as some member states continue to cut back on production, meaning that supply will only become greater at this point in time, and as a result lower prices should continue. A break below the bottom of the range for the Friday session is a put buying opportunity.