Binary Options Trading Signals – February 2, 2016

Employment and Crude oil numbers coming

During the day on Wednesday, weekends ADP numbers as well as inventory numbers out of the crude oil markets, so we could get quite a bit of volatility. Overall though, we think that the markets made moves on Tuesday that should continue into today’s session.

FTSE falls significantly

The FTSE fell significantly during the course of the day on Tuesday, slicing through the 6000 level with ease. We believe that a break down below the bottom of the candle for the day on Tuesday should invite put buyers to drive this market down to the 5800 level.

Gold holds steady

Looking at the gold markets, you can see that we pulled back slightly during the course of the day but we still believe that there is plenty of support just below. With this, we are buyers of calls on short-term pullbacks. We have no interest in buying puts, and believe that the market will ultimately continue higher and reach towards the $1150 handle.

Nasdaq 100 pulls back looking for support

The Nasdaq 100 fell slightly during the course of the session on Tuesday, testing the 4250 handle for support. We believe that there is more than enough support below to turn the market back around anyways, so a supportive candle has us buying calls. A move above the 4300 level would also have us buying calls.