Binary Options Trading Opportunities For November 18, 2015

Crude Oil Inventories and the Bank of Japan

During the session on Wednesday, we have the Crude Oil Inventory numbers coming out of the United States, as well as the Bank of Japan and its Monetary Policy Statement. Ultimately, we think that the market will be relatively quiet, but overall we should see a continuation of the trend of various markets around the world.

WTI Crude Oil

The WTI Crude Oil market fell significantly during the course of the day on Tuesday, as we continue to reach towards the $40 level. Because of this, we are looking for short-term rallies as put buying opportunities. We believe that the market certainly cannot be thought of as bullish, so we have no interest in buying calls. We believe that a break down below the $40 level should send the market down to the $38 level.

DAX trying to break out

The DAX is trying to break out during the session on Tuesday, and on Wednesday if we can get above the €11,000 level, we feel the market gives you an opportunity to start buying calls as the market should continue to go much higher, probably reaching towards the €11,600 level. Pullbacks at this point in time should be call buying opportunities as well as we see more than enough support below to push Germany higher.

USD/CAD looking to break out

The USD/CAD pair continues to find support just below current levels, and eventually should break out above the 1.34 level. This could be moved along that buying the Crude Oil Inventories number coming out in as they influence Canadian dollar overall. With that being the case, the market could go higher if oil continues to break down. We believe that a move towards the 1.35 level is coming, and a move above there sends this market into a much longer-term uptrend.