Binary Options Trading Opportunities – November 23rd, 2015

PMI numbers from around the world

We have PMI numbers coming from Germany, France, and the United States during the session on Monday, so with this being said we believe that a lot of the trading action will find itself appearing in the stock markets. However, we do recognize that there are other markets out there that offer trading opportunities at the moment as well.

S&P 500 breaking out to upside

The S&P 500 (SPY) looks as if it is breaking out to the upside, and will make a serious attempt on the 2120 handle. With this, we are buyers of calls on break out above that level, and of course pullbacks on short-term charts. We feel it’s only a matter of time before we continue to go much higher, and break out to a fresh, new high on this chart.

WTI Crude Oil rallies

The WTI market rose during the course of the day on Friday, but continues to show resistance near the $42 level. With this, we believe that the market will offer put buying opportunities in this general vicinity, and we are buyers of puts on short-term charts as the market continues to bounce around between the $40 handle on the bottom, and of course the $42 level on the top.

CAC trying to reach €5000

The Parisian index continues to show support near the €4900 level, but we believe ultimately the real target is €5000. If we can break above there, we feel it’s only a matter of time before the market then reaches towards the €5200 level. We are buyers of calls in general, and like pullbacks on short-term charts as call buying opportunities.