Binary Options Asset Insights For June 23, 2016
The EU referendum vote is coming in the United Kingdom, it’s very obvious that we are going to be focusing on that. With this being the case, the market should continue to be very volatile, and with that being the case, the market will probably be difficult to deal with but we are paying attention to the following 3 assets:
Silver
The silver markets fell initially during the day on Wednesday, testing the $17 level for support. With that being the case, the market should continue to find call buyers, and that it’s only a matter of time before this market rises if that’s the case. It certainly looks well supported and with all of the uncertainty in the markets right now, and make sense precious metals would be favored.
WTI Crude Oil
The WTI. Oil market fell slightly during the course of the session on Wednesday, as the $50 level offered quite a bit of resistance. Ultimately, there is quite a bit in the way of support just below though, so supportive candles or bounces could very well attract call buyers. A break above the highs from the session would also do the same as we have a nice strong uptrend.
USD/CAD
The Canadian dollar pair seems to be finding support near the 1.28 level, and as a result it’s possible that the market could find call buyers as we break above the top of the hammer that form for the day. There seems to be quite a bit of support all the way down to the 1.2650 level, so this point in time it looks as if the call buyers are showing a bit more strength.
Disclosure: None.