Binary Options Trading Opportunities – October 5, 2015

ISM Manufacturing PMI

The ISM Manufacturing PMI numbers are by far the largest announcements coming out today, but with the really bad number that came out of the United States, it is likely that the reaction will be somewhat muted compared to previous months. With that being the case, we look at the charts and understand that a lot of readjusting is probably happening at the moment.

Buying pullbacks in gold

Gold markets shot through the roof during the session on Friday as the Federal Reserve looks very unlikely to raise rates anytime soon. With this, it makes sense that the gold markets will bounce, as they have been so oversold. We look at pullbacks as value, and will buy calls every time that happens in this market.

Chart 1

 

Oil testing support

The WTI Crude Oil market continues to find support somewhere near the $43 level, and as a result we think that we will more than likely get the opportunity to buy calls on a short-term pullback. As long as we can stay above the $43 level, we think that this market will continue in the previous consolidation area. However, if we break down below $43, we feel that put buying is the only thing you can do at that point.

chart 2

 

USD/CAD falls initially, but show signs of life at 1.32

The USD/CAD pair initially fell in favor of the Canadian dollar on Friday, but ended up finding support near the 1.32 level. Because of this, we feel that the longer-term uptrend is going to continue and therefore we are buyers of pullbacks via calls.

Chart 3

 

 

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