Binary Options Trading Opportunities – September 3rd, 2015

ECB interest rate decision and press conference

We believe that the biggest mover of markets today will not only be the ECB interest rate decision, but probably more importantly the press conference that comes afterwards. With that being the case, we think that the Euro will come into play, and the lot of trading will be done in the European stock markets as well.

France bounces off the €4500 level

The CAC bounced off of the €4500 level during the session on Wednesday, but struggled at €4600. For us, if we can get above the €4600 level we feel that the market will continue to go to the €4700 level, and then the €4900 level. Pullbacks at this point time should be looked at as potential value.

Silver forms a shooting star

Silver tried to rally during the course of the session on Wednesday, but fell significantly in order to form a massive shooting star. If we can break down below the $14.50 level, we feel that puts can be bought as the market should head back to the $14.00 level. This area has been supportive in the past though, so we feel that this is a short-term trade only.

Oil tries to rally but fails at this $46

The WTI Crude Oil markets rallied during the session on Wednesday initially, but found enough resistance at $46 to turn things back around and form a shooting star like candle. With this, if we can break down below the $44 level, we could have more of a selloff. On the other hand, if we can break above the top of the range for the candle on Wednesday, this would be a call buying opportunity.

The EUR/USD pair is trading between the resistance level at 1.1315 and support level at 1.1160. We might be buyers of call options in case of a move above the resistance level at 1.1315. Otherwise, in case of a move below the 1.1160, we could be buyers of puts.

The S&P500 Prices are in strong bearish momentum, confirms be the MA10 and MA20 bearish cross. It could be interesting of buying put options. Near-term support is at 1913.20, with a break below that exposing the level at 1867.14. In case of a move above the resistance level at 2000.00, we could be buyers of call options.