+1 (866)-882-6854
+ 44 203-807-1675
Chat
23:29:43 GMT
Black & White

SILVER BINARY PUT OPTION – MAY 11TH 2015

BitCoin/CNY 6263.480 23:00 17.01
NZD/JPY 81.341 23:00 17.01
AUD/USD 0.75578 23:00 17.01
AUD/JPY 85.251 23:00 17.01
EUR/JPY 120.804 23:00 17.01
USD/JPY 112.794 23:00 17.01
EUR/USD 1.07108 23:00 17.01
AUD/NZD 1.04809 23:00 17.01
NZD/USD 0.72115 23:00 17.01
CAD/JPY 86.467 23:00 17.01
GBP/JPY 139.897 23:00 17.01
BitCoin/CNY 6264.060 22:30 17.01
NZD/JPY 81.294 22:30 17.01
AUD/USD 0.75594 22:30 17.01
AUD/JPY 85.194 22:30 17.01
EUR/JPY 120.721 22:30 17.01
EUR/USD 1.07112 22:30 17.01
USD/JPY 112.707 22:30 17.01
BitCoin/CNY 6191.350 22:00 17.01
AUD/NZD 1.04843 22:00 17.01
NZD/USD 0.72165 22:00 17.01
CAD/JPY 86.347 22:00 17.01
NZD/JPY 81.262 22:00 17.01
AUD/USD 0.75675 22:00 17.01
AUD/JPY 85.208 22:00 17.01
GBP/JPY 139.822 22:00 17.01
EUR/JPY 120.657 22:00 17.01
USD/JPY 112.621 22:00 17.01
EUR/USD 1.07137 22:00 17.01
X
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
May 11th, 2015 5:30am GMT, London UK
Today’s Binary Options Trading Strategy:
Commodity: Silver
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary put options on rallies above 16.400
• Upside Potential: The downside potential for this binary put option is 80 pips to 15.600
• Downside Potential: The upside potential for this binary put option is 35 pips to 16.750

 
Silver has been exposed to a hectic trading pattern which emerged after this commodity reached its intra-day low of 15.598 on April 24th 2015. A sharp advance followed and spiked Silver to an intra-day high of 16.732 which was recorded on April 30th 2015. This level is located just above its horizontal resistance level from where Silver dropped to a higher low with an intra-day low of 15.815 which was also recorded on April 30th 2015. Fundamental factors have contributed to this sharp drop. The higher low allowed for the formation of an ascending support level which advanced Silver to a higher high with an intra-day high of 16.761 reached on May 4th 2015.Silver

Price action is now trading inside of its horizontal resistance level after the formation of a descending resistance level exercised downward pressure on this commodity. Silver is anticipated to resume its drift to the downside until a breakdown below its ascending support level will develop. Binary options traders can take advantage from the expected breakdown with binary put options. Today’s binary options trading strategy suggests put options to be placed on rallies above 16.400 for a risk/reward ratio of 1.0/2.29.

Silver was exposed to an increase in volatility which accompanied the violent trading pattern and volatility is expected to increase further as this commodity is trapped inside of a triangle formation. The intersection between its ascending support level and its descending resistance level is located just beneath its horizontal resistance level. Buyers are expected to pressure Silver to the upside, but its most recent intra-day high of 16.761 is anticipated to prevent an extension of the advance. Sellers are likely to successfully force a breakdown below its ascending support level from where this commodity can accelerate down into its horizontal support level.

The first support level awaits Silver at its intra-day low of 16.173 which was recorded on May 7th 2015. This level represents the last instance where the ascending support level reversed a drift to the downside. A breakdown will clear the way down to its intra-day low of 15.815 which was reached on April 30th 2015. This level marks the top end of its horizontal support level. The final support level is located at its intra-day low of 15.598 which was recorded on April 24th 2015 from where a double bottom formation may emerge.

The following economic data out of China already impacted Silver:
People’s Bank of China One-Year Lending Rate:
• Expectations: A One-Year Lending Rate of 5.35% was expected
• Previous Announcement: A One-Year Lending Rate of 5.35% was reported
• Released Data: A One-Year Lending Rate of 5.10% was reported
• Impact on Silver: The unexpected cut in the One-Year Lending Rate out of the PBOC has failed to pressure Silver to the upside which favors binary put options in this commodity

In addition the following economic report out of the United Kingdom is expected to impact Silver:
Bank of England Interest Rate Announcement & Asset Purchase Target:
• Expectations: The interest rate unchanged at 0.50%, the Asset Purchase Target unchanged at £375 billion
• Previous Announcement: The interest rate unchanged at 0.50%, the Asset Purchase Target unchanged at £375 billion
• Impact on Silver: The statement which will follow the announcement may not suggest any change in the status quo and is likely to pressure this commodity to the downside which favors binary put options in Silver

Share Button
Adam Stone
Follow me

Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
Follow me

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store