Binary Options Assets In Focus For May 5, 2016
The markets will be fairly quiet on Thursday more than likely, because Friday is a Nonfarm Payroll Numbers day. However, there are a few assets out there that look interesting at this moment in time, and with that being the case it’s very likely that short-term opportunities may present themselves.
FTSE testing support
The FTSE fell again during the course of the day on Wednesday, as we are approaching the 6100 level. There is a massive amount of support extending all the way down to the 6000 handle, so having said that we are looking at an area that call buyers may be interested in. This is the plan area to pay attention to.
Silver markets find support
Silver markets fell initially during the day on Wednesday, but found enough support at the $17.20 level to turn things back around and form a hammer. This is a positive sign for candlestick readers, so it is possible that we continue to go higher from here, call buyers will certainly be interested in getting involved if we can break above the top of the range for the day as it shows continued momentum to the upside.
DAX falls again
The DAX fell again during the session on Wednesday, testing the €9800 level. This of course is the previous resistance, so it’s likely that we will see call buyers be interested in this area, but it has to be said that the DAX looks very soft at this point in time and that the put buyers seem to be in control.
Disclosure: None.