Binary Options Asset Insights For September 13, 2016

On Tuesday, we get a small amount of the CPI numbers out of the United Kingdom, the German sentiment numbers (ZEW), and the speech by the ECB chairman. Beyond that though, it should be a relatively straightforward day.

WTI Crude Oil

The WTI Crude Oil market initially fell at the open for the week, but as you can see we have turned around for a bit of a hammer based upon the $45 level. This is a bullish sign and one would have to think that the call buyers are feeling fairly good about to trade at the moment. $48 above looks to be rather resistive, and could bring in put buyers.

Silver

With all the concern about hawkish speech coming-out of the central banks around the world, it’s no wonder that the precious metals area has been rather volatile lately. It appears that silver has found a bit of support just above the 18.50 level, based upon a cluster that had shown itself at the end of August. With this being the case, break above the top of the candle could bring the call buyers back.

USD/JPY

The USD/JPY pair fell slightly during the course of the day Monday as a bit of “safety buying” affected the Japanese yen. However, there is a massive amount of support below, and as a result we may see call buyers return to this market at the first signs of support.