Binary Options Asset Insights - Wednesday, December 21

During the day on Wednesday, we get a handful of announcements that could move the marketplace, but quite frankly the biggest ones are going to be the Existing Home Sales out of the United States, and the Crude Oil Inventory announcement as well. With this, we look at the following 3 assets:

Gold

Gold markets fell during the day on Tuesday, showing weakness yet again. This is mainly due to the US dollar been so strong, so short-term rallies will more than likely attract put buyers again and again as we reach towards the $1100 level below.

chart-1

USD/JPY

The US dollar rally began against the Japanese yen, as the 117 level below has offered support. This is a market that looks ready go higher, reaching towards the 120 handle. This is a market that has been bullish for some time, so every time we pullback call buyers must see value.

chart-2

Apple

Apple (AAPL) rallied slightly during the day on Tuesday, as the market looks to reach towards the $118 level above. A break above there could very well embolden call buyers as it would be a breakout above the most recent high. As of late, Apple has shown significant strength.

chart-3

 

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Chee Hin Teh 7 years ago Member's comment

Thanks for sharing