Binary Options Trading Opportunities – October 1, 2015

The calm before the storm?

Thursday could be a very quiet session as the Unemployment Claims number from the United States and the ISM Manufacturing PMI numbers are the biggest announcements out there. What is even more important, is the fact that the session tomorrow features of the jobs numbers out of the United States. In other words, very few traders will feel comfortable putting a lot of risk on at the moment. However, there are trading opportunities out there.

WTI Crude Oil range bound

The WTI Crude Oil market seems to be very range bound, and as a result we can go ahead and take advantage of that situation by simply buying calls every time the market pulls back towards the bottom of the range. After all, we have recently had a very impulsive move higher, so it suggests to us that perhaps the market is getting very comfortable in this region. In other words, we may be forming a bit of a “base” to go higher. It’s obvious to us that the $44 level is supportive, while the $48 level is resistive.

British pound looks very vulnerable

The GBP/USD pair trying to rally during the course of the day on Wednesday, but failed out the 1.52 level again to turn things back around and form a very negative looking candle. If we can break down below the lows of the session on Wednesday, we feel this market will then march towards the 1.50 level given enough time, offering us put buying opportunities.

FTSE finds relief

The FTSE broke higher during the course of the session on Wednesday, clearing the top of the hammer that had formed on Tuesday. With that being the case, the market looks as if it is ready to continue going higher, and we look at short-term pullbacks as call buying opportunities.