Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

GBP/AUD signal by Option Banque

From 1.61900
Till 1.61300

Option Digital
Direction Put
Expiry GMT 21:00 17/02/2017

 

[Option_Banque]

Daily Report on February 17, 2017 by Option Banque

Daily Report on February 17, 2017



Global shares took a breather as investors took profit from recent surge in stock markets. While Wall Street lost momentum overnight with all benchmarks snapping their winning streak, Asian equities edged lower on Friday. The MSCI Asia Pacific Index lost 0.4 percent, giving up its highest level since July 2015. Japan’s Topix declined 0.6 percent, heading for a weekly decline.

Hong Kong’s Hang Seng index shed 0.4 percent from the highest closing level since August 2015 while Hang Seng China Enterprises Index dropped 0.8 percent. Shanghai Composite Index also lost 0.5 percent. Australia’s S&P/ASX 200 Index slipped 0.2 percent and New Zealand’s S&P/NZX 50 Index inched 0.1 percent lower after data on Friday showed New Zealand’s retail sales rose less than expected.

The Statistics New Zealand said the country’s volume of retail sales increased a seasonally adjusted 0.8 per cent in the three months ended December 31, missing analysts’ expectations for an increase of 1.1%. Amongst segments contributing to the advance, motor vehicle and parts retailing surged the most with saw sales volumes adding 1.9 percent. Core retail sales which exclude motor vehicles and fuel were reported to jump 0.6 per cent in December, falling short of forecasts for a rise of 0.9%.

Natural gas futures hovered around its three-month lows at $2.85 per million British thermal units following data from the U.S. Energy Information Administration that showed supplies of natural gas fell less than forecast. Supplies of the commodity declined by 114 billion cubic feet for the week ended February 10th, lower than the decline of 126 billion expected by analysts. Total stocks now stand at 2.445 trillion cubic feet, down 303 billion cubic feet from a year ago, but 87 billion cubic feet above the five-year average.



Technicals

NZDJPY



Fig: NZDJPY H4 Technical Chart

New Zealand dollar has been plunging versus its Japanese counterpart since Thursday. The pair fell from the resistance at 82.500 to as low as 81.300 and breached the 50.0% Fibonacci support as well as a couple of MAs on its way down. The bear momentum seems to get stronger, which may push the price lower to the support at 80.700.

Trade suggestion

Buy Digital Put Option from 81.300 to 80.700 valid until 21:00 GMT February 17, 2017



GBPJPY



Fig: GBPJPY H4 Technical Chart

GBPJPY has fallen below the 23.6% Fibonacci level for the first time in the last two weeks. The price gets back under the resistance that connects lower highs, indicating a strong bear. The pair is going to face a support at 140.000 which caused the pair to go sideways last Wednesday. In the event of continual down moves, the pair may attempt the support at 139.000.

Trade suggestion

Buy Digital Put Option from 140.000 to 139.000 valid until 21:00 GMT February 17, 2017



Sugar



Fig: Sugar H4 Technical Chart

Sugar price reversed lower following a short correction as the commodity has still been under downward pressure of two moving averages moving above the price action. The price is testing the support at 20.25 and may decline further to re-attempt the support at 19.90.

Trade suggestion

Buy Digital Put Option from 20.25 to 19.90 valid until 21:00 GMT February 17, 2017



EURO 50 Index



Fig: EURO 50 Index H4 Technical Chart

Euro 50 index has crossed over the support at 3300.00 and is plummeting towards another support at 3265.00. The market has entered the bearish territory, as indicated by the RSI index. Meanwhile, the ADX has turned higher, suggesting a strengthening bearish momentum.

Trade suggestion

Buy Digital Put Option from 3285.00 to 3265.00 valid until 21:00 GMT February 17, 2017

 

[Option_Banque]

U.K. Stocks Head For The Fourth Weekly Advance, Boosted By Weak Pound

U.K. Stocks Head For The Fourth Weekly Advance, Boosted By Weak Pound

U.K. stocks gained on Friday on the back of the pound declining following discouraging data on U.K. retail sales. The benchmark FTSE 100 added nearly 0.3%, looking for another weekly advance after paring losses in the morning session.

The British Pound lost almost 0.5% after the January report on U.K. retail sales came under expectation. The report showed retail sales dropped 0.3% on a monthly basis last month while December’s reading was revised downwards to a decline of 2.1%. The headline figure has slid for three months in row, highlighting pressure from a rise in inflation.

Shares in consumer-products giant Unilever PLC topped the market, rising nearly 15% after Kraft-Heinz confirmed merger proposal with Unilever was declined.

Trade suggestion
Buy Digital Call Option from 7290.00 to 7320.00 valid until 21:00 GMT February 17, 2017

 

[Option_Banque]

EUR/USD signal by Option Banque

From 1.06800
Till 1.07100

Buy Option Digital
Direction Call
Expiry GMT 21:00 17/02/2017

 

[Option_Banque]

EUR/JPY signal by Option Banque

EUR/JPY signal by Option Banque

From 119.700
Till 119.300

Option Digital
Direction Put
Expiry GMT 21:00 17/02/2017

 

[Option_Banque]

Daily Report on February 20, 2017 by Option Banque

Daily Report on February 20, 2017



Global stocks advanced on Monday with gains in European and Asian shares led by telecommunication and energy companies. The Stoxx Europe 600 rose around 0.1% to trade at 370.70 while Germany’s Dax 30 index jumped 0.48% to 11,813.83 and France’s CAC 40 inched slightly 0.08% lower to 47.83. Meanwhile, U.K. shares turned lower, weighed down by a sharp drop in shares of Unilever PLC and a strengthening Pound.

Unilever PLC shares lost nearly 7% after Kraft Heinz Co. on Sunday stated that it would withdraw its $143 billion bid for the consumer goods giant after having been rejected.

In Asia, Japanese equities climbed on the back of the Yen halting a three-day advance. The Topix reversed higher after retreating as much as 0.6% earlier in the day. Led by advance in shares of SoftBank Group Corp., the index rose 0.2%. Hong Kong’s Hang Seng and Hang Seng China Enterprises Index jumped 0.5 percent and 0.8 percent, respectively.

The dollar held on gains on Monday after Fed Bank of Cleveland President Loretta Mester on Monday extended the chorus of U.S. policy makers stating they will raise interest rates in upcoming meetings. U.S. bond and stock markets shut on Monday for Presidents’ Day.

Crude oil futures were pushed higher by data showed a decline in Saudi Arabian oil exports which helped counteract concerns over rising U.S. drilling activity last week. Baker Hughes late Friday said U.S. energy companies added oil rigs for a fifth consecutive week, extending the rally to a ninth straight month as producers have been encouraged by higher prices. On the other hand, data published by Joint Oil Data Initiative on Monday indicated Saudi Arabia exported 8.01 million barrels of crude per day in December, 244,000 barrels per day less than its monthly record in November.



Technicals

GBPCHF



Fig: GBPCHF H4 Technical Chart

GBPCHF pulled back from as low as 1.23786 on Friday, turning a resistance that was formed connecting lower highs into a support. The pair has breached a major level at 1.25000 but buyers seem to take a breather, as can be seen from the price action, the most recent two candles have long upper shadows. That suggests bears have jumped in to hinder the rally. RSI index has moved past the central line, likely signaling further advance.

Trade suggestion

Buy Digital Call Option from 1.25200 to 1.25700 valid until 21:00 GMT February 20, 2017



GOLD



Fig: GOLD H4 Technical Chart

Gold turned higher after the price action hit by two moving averages that were moving below the price action. With such a support, the precious metal may attempt the resistance at 1243.00 – the level that has forced the price the give up its bull run twice in the last two weeks.

Trade suggestion

Buy Digital Call Option from 1238.00 to 1243.00 valid until 21:00 GMT February 20, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude has been tracing an uptrend since the commodity rebounded from the support at 55.10. The price, which has been supported by two MAs moving below the price action, is heading towards key resistance at 56.75. RSI index is edging higher, confirming the up move.

Trade suggestion

Buy Digital Call Option from 56.25 to 56.75 valid until 21:00 GMT February 20, 2017



CAC40



Fig: CAC 40 Index H4 Technical Chart

France CAC 40 pulled back after the price action hit the short-term 20-period moving average. At the same time, RSI index reversed higher on the back of a hit with the 50.0 line. As can be observed from the price chart, recent bearish candles own long bodies, suggesting a strong downtrend. The support at 4825.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 4855.00 to 4825.00 valid until 21:00 GMT February 20, 2017

 

[Option_Banque]

FTSE Trade Idea by Option Banque

Unilever PLC And Strong Pound Weigh Down U.K. Shares

U.K. stocks struggled for direction on Monday with a sharp drop in shares of Unilever PLC and a strengthening Pound weighing on the market. The FTSE 100 index showed little change, flat at around 7,300.00 level.

Unilever PLC shares lost nearly 7% after Kraft Heinz Co. on Sunday stated that it would withdraw its $143 billion bid for the consumer goods giant after having been rejected.

Besides, the British Pound added more than 0.4% against the U.S. dollar to trade at $1.2473, up from $1.2421 late Friday. A strong Sterling tends to hurt the index’s heavy weighting toward exporters that benefit from a weaker currency.

Leading the list of gainers, shares in Royal Bank of Scotland PLC jumped nearly 6% following news that the banking and insurance holding company might not banking and insurance holding company.

Trade suggestion
Buy Digital Put Option from 7290.00 to 7270.00 valid until 21:00 GMT February 20, 2017

 

[Option_Banque]

AUD/NZD signal by Option Banque

From 1.07000
Till 1.07500

Buy Option Digital
Direction Call
Expiry GMT 21:00 20/02/2017

 

[Option_Banque]

Daily Report on February 21, 2017 by Option Banque

Daily Report on February 21, 2017



Asian stocks held near a 19-month peak with MSCI's broadest index of Asia-Pacific shares outside Japan flat on Tuesday following the Presidents’ holiday in the U.S. The yen lost more than 0.3 percent to trade at 113.50 per dollar, extending its 0.2 percent decline on Monday. A weak yen boosted the Topix index to add another 0.3 percent after closing higher in the first session of the week. South Korea’s Kospi index and Hong Kong’s Hang Seng also climbed, but Shanghai Composite Index was little changed.

Australian shares lagged behind as investors were waiting for earnings report from BHP Billiton, the world's biggest miner by market value, later in the day. The company has been facing with a strike at its Chilean copper mine Escondida. Australia’s S&P/ASX 200 Index declined 0.1 percent. In the minutes of the latest policy meeting, Reserve Bank of Australia forecast improving economic conditions given potentially rising resource exports while the drag from falling mining investment waning.

The euro was on a slide on Tuesday, dragged down by a poll showed Right-wing candidate Marine Le Pen narrowing the gap with more centrist opponents. The first round of the French Presidential election is scheduled on April 23 and the run-off between the top two contenders is set on May 7.

However, supporting the euro, latest news showed that Greece and its international lenders agreed to let experts work out new reforms to Greek pensions, income tax and the labour market that would allow the country to eventually qualify for more cheap loans. Greece needs a new tranche of financial aid under its 86 billion euro bailout by the third quarter of the year to meet debt repayments.



Technicals

EURUSD



Fig: EURUSD H4 Technical Chart

Euro broke out of a consolidation which caused the pair to move sideways under the 1.06200 resistance. Two moving averages are exerting downward pressure onto the price, which may push the pair lower to retest the one-month low at 1.05300. Further declines have been confirmed by RSI heading downwards while ADX soaring with a divergence between –DI and +DI lines.

Trade suggestion

Sell Stop at 1.05800, Take profit at 1.05300, Stop loss at 1.06000



USDJPY



Fig: USDJPY H4 Technical Chart

USDJPY has breached the resistance at 113.500 after having crossed over a pair of moving averages, confirming the up move. Both RSI and ADX indices are surging, indicating a strong uptrend. The pair likely attempts the resistance at 114.100 – the 61.8% Fibonacci handle.

Trade suggestion

Buy Stop at 113.700, Take profit at 114.100, Stop loss at 113.500



USDCAD



Fig: USDCAD H4 Technical Chart

USDCAD has broken out of a downtrend marked by a resistance that connects lower highs. The up moves have been supported by two MAs moving below the price action. RSI has surged to as high as 65.25 – the highest level since February 08th, signaling a strong rally. The resistance at 1.32000 key level is within the sight.

Trade suggestion

Buy Stop at 1.31500, Take profit at 1.32000, Stop loss at 1.31250



GOLD



Fig: GOLD H4 Technical Chart

Gold one more time pulled back from the resistance at 1243.00 – the level which has restrained the metal’s bull run three times in the last two weeks. The price is struggling with the long-term MA50 and looks set to fall deeper as the market has entered the bearish territory.

Trade suggestion

Sell Stop at 1232.00, Take profit at 1222.00, Stop loss at 1237.00

 

[Option_Banque]

Wal-Mart Trade Idea by Option Banque

Wal-Mart Reports Advancing Revenue And Same-Store Sales, Rising Devidend

Shares of Wal-Mart Stores Inc. rose in premarket trade on Tuesday following the company’s Q4 earnings report that showed advancing revenue and same-store sales.

The retailing corporation witnessed profit reached $3.8 billion, or $1.22 per share in the three-month period to January, down from $4.6 billion, or $1.43 per share during the same quarter a year ago. Adjusted for one-time items, earnings were $1.30, above analysts’ $1.28 earnings consensus.

Meanwhile, revenue was reported to hit $130.9 billion in the quarter, up 1% compared with hit $130.9 billion in the quarter. Domestic same-store sales rose 1.8%.

Wal-Mart on Tuesday announced a 2% dividend increase to $2.04 a share annually, stating that it forecast earnings per share for the fiscal year 2018 to be in the range of $4.20 to $4.40.

Trade suggestion
Buy Digital Call Option from 71.50 to 72.50 valid until 21:00 GMT February 21, 2017

 

[Option_Banque]

AUD/JPY signal by Option Banque

From 87.200
Till 87.600

Buy Option Digital
Direction Call
Expiry GMT 21:00 21/02/2017

 

[Option_Banque]

Daily Report on February 22, 2017 by Option Banque

Daily Report on February 22, 2017



Asian equities soared on Wednesday with investors’ bullish sentiment pushed higher by upbeat factory activity in Europe and solid earnings on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5% with gains led by Hong Kong’s Hang Seng Index which surged nearly 0.9%. While South Korea's Kospi advanced 0.17%, Shanghai climbed 0.2%. Japan's Nikkei225 eased 0.1% as the yen gained modestly against the dollar.

The dollar gained versus most of its peers on Wednesday, supported by hawkish remarks from Cleveland and Philadelphia Fed Presidents Loretta Mester and Patrick Harker late Tuesday. Both expressed comfort at raising rates at this point and signaled that expressed comfort at raising rates at this point.

The FOMC minutes for the Fed's Jan. 31-Feb. 1 policy meeting are due to be published later in the day. Investors will be looking to the minutes for fresh hints on the central bank's stance toward interest rates.

Crude oil futures prices were little changed after having surged strongly on Tuesday. The advance came after OPEC’s Secretary-General, Mohammad Sanusi Barkindo affirmed OPEC’s Secretary-General, Mohammad Sanusi Barkindo.

During an International Petroleum Week conference in London on Tuesday, Barkindo emphasized the effectiveness of the Organization of the Petroleum Exporting Countries’ and non-OPEC countries’ agreement to cut output by 1.8 million barrels daily – which accounts for 2% global supply.

The OPEC’s Secretary-General was also optimistic about concerns over rising U.S. production, saying that U.S. shale output isn’t likely to jeopardize efforts to limit oil.



Technicals

EURJPY



Fig: EURJPY H4 Technical Chart

EURJPY has breached the support at 119.300 – the lowest level in two months. The pair has been tracing a strong downtrend after it broke below the 23.6% Fibonacci level. While RSI has reached the oversold zone, the ADX index is soaring with a widening gap between the –DI and +DI lines. The next support is 38.2% handle.

Trade suggestion

Buy Digital Put Option from 119.100 to 118.500 valid until 21:00 GMT February 22, 2017



EURUSD


Fig: EURUSD H4 Technical Chart

EURUSD has fallen below the support at 1.05300 after a consolidation above this level. Although the RSI has reached the oversold zone which signals short-live downtrend, ADX is soaring strongly with the divergence between the –DI and +DI line. In the event of continual downtrend, the pair may fall as low as 1.04600.

Trade suggestion

Buy Digital Put Option from 1.05000 to 1.04600 valid until 21:00 GMT February 22, 2017



Sugar



Fig: Sugar H4 Technical Chart

Sugar price has soared above the 23.6% Fibonacci resistance at 20.79 after the price action crossed over both the long-term and short-term MAs. The commodity is attempting to retest the resistance at 21.15 with the confirmation from RSI index which remains above 50.

Trade suggestion

Buy Digital Call Option from 20.90 to 21.15 valid until 21:00 GMT February 22, 2017



CAC40



Fig: CAC 40 Index H4 Technical Chart

CAC 40 index pulled back from the short-term 20-period moving average and is heading higher to attempt the highest level in more than one year at 4935.00 logged last Wednesday. RSI index has reached 61.03 and is surging to the overbought zone, suggesting a strong up trend.

Trade suggestion

Buy Digital Call Option from 4910.00 to 4935.00 valid until 21:00 GMT February 22, 2017

 

[Option_Banque]

Oil Trade Idea by Option Banque

Crude Oil Plunges Following Qatar Oil Minister’s Remarks

Crude oil futures prices tumbled on Wednesday, reversing lower after two days of rally. The slide was due to remarks by Qatar’s oil minister that said major oil producers outside of OPEC were not trimming output as much as they had pledged.

Speaking at the International Petroleum Week in London on Wednesday, Mohammed al-Sada, the oil minister of OPEC member Qatar, also stated that it might be too early to say whether oil producers will extend their output reduction agreement when members of the Organization of the Petroleum Exporting Countries meet in May.

Brent crude for April contract traded down about 1.7% to $55.73 per barrel on London’s ICE Futures exchange, giving up its three-week highs at $57.30 per barrel logged on Tuesday.

Trade suggestion
Buy Digital Put Option from 55.70 to 55.10 valid until 21:00 GMT February 22, 2017

 

[Option_Banque]

EUR/GBP signal by Option Banque

From 0.84350
Till 0.84000

Option Digital
Direction Put
Expiry GMT 21:00 22/02/2017

 

[Option_Banque]

GOLD signal by Option Banque

From 1232.00
Till 1226.00

Option Digital
Direction Put
Expiry GMT 21:00 22/02/2017

 

[Option_Banque]

Daily Report on February 23, 2017

Daily Report on February 23, 2017



Asian shares slumped on Thursday, following declines in Wall Street overnight after minutes from the Federal Reserve’s latest meeting showed officials were cautious about raising U.S. interest rates. After the S&P 500 index slipped from all-time highs, stocks in Japan and Hong Kong led the list of fallers, pushing Asian stocks down from a 19-month high.

MSCI's broadest index of Asia-Pacific shares outside Japan edged down almost 0.1 percent while Japan’s Topix index declined 0.3 percent. Japanese shares turned lower following three days of gains as yen strengthened. While Australia’s S&P/ASX 200 Index shed 0.2 percent, New Zealand’s S&P/NZX 50 Index advanced 0.4 percent. Hang Seng China Enterprises Index and Hang Seng China Enterprises Index dropped 0.4 percent both dropped 0.4 percent

According to the latest FOMC minutes, Federal Reserve officials expressed confidence that they can take their time raising rates as there’s little threat inflation will suddenly accelerate. The odds for an increase in March retreated to 36 percent after the minutes. Fed officials were uncertain about issues ranging from the Trump administration’s fiscal stimulus plans to the headwinds a rising dollar may pose.

Crude oil climbed nearly 1 percent on Thursday after the American Petroleum Institute reported a surprise decline in U.S. crude stocks last week. The industry group posted a drop of 884,000 barrels in U.S. oil inventories in the week to February 17 which contrasted with analyst expectations for an increase of 3.5 million barrels.



Technicals

USDCAD



Fig: USDCAD H4 Technical Chart

The currency pair USDCAD has been supported by the short-term MA20 for nearly a week. The price pulled back after it hit the MA20 at 1.31384 and is attempting the resistance at 1.31600. RSI index rebounded from the central line, indicating that bullish momentum remains strong.

Trade suggestion

Buy Digital Call Option from 1.31600 to 1.32000 valid until 21:00 GMT February 23, 2017



EURAUD



Fig: EURAUD H4 Technical Chart

EURAUD retreated from the resistance at 1.37400, also depressed by a couple of moving averages. ADX index is declining, showing a weaker uptrend. The support at 1.36300 is within the sight in the event of continual downtrend. RSI is pointing downwards, confirming further declines.

Trade suggestion

Buy Digital Put Option from 1.37000 to 1.36300 valid until 21:00 GMT February 23, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude has been tracing an uptrend with higher lows formed in the last two weeks. The crude price is heading for a resistance at 56.40 after crossing over two moving averages. With RSI index surging above the 50 line, the bullish sentiment is expected to send the price higher.

Trade suggestion

Buy Digital Call Option from 56.40 to 56.80 valid until 21:00 GMT February 23, 2017



FTSE 100



Fig: FSTE 100 H4 Technical Chart

U.K. FTSE 100 index gapped down on Thursday. As indicated by the RSI index which has fallen below the 50 line, the market has entered the bearish territory. However, the support at 7260.00 and the long-term MA50 which are within the sight, can contain the price.

Trade suggestion

Buy Digital Put Option from 7280.00 to 7260.00 valid until 21:00 GMT February 23, 2017

 

[Option_Banque]

Tesla Trade Idea by Opion Banque

Tesla’s Loss Eases, Sales Surge As Model S And Model X Orders Hit Record Highs

Shares of Tesla Inc. added more than 1.5% in after-hour trading on Wednesday after automaker reported earnings in the fourth quarter narrowed.

The electric-car maker said it lost $121.3 million, or 78 cents a share in three months to December 2016. The figure was much lower than a loss of $320.4 million, or $2.44 cents a share, in the fourth quarter of 2015. Adjusted for one-time items, Tesla lost $106.5 million, or 69 cents a share, in the quarter, compared with $2.02 a share a year ago.

On the other hand, the California-based company said sales advanced to $2.28 billion, compared with $1.21 billion a year ago.

Trade suggestion
Buy Digital Call Option from 277.70 to 290.00 valid until 21:00 GMT February 23, 2017

 

[Option_Banque]

AUD/USD signal by Option Banque

From 0.77000
Till 0.77300

Buy Option Digital
Direction Call
Expiry GMT 21:00 23/02/2017


GBP/AUD signal by Option Banque
From 1.62700
Till 1.63300

Buy Option Digital
Direction Call
Expiry GMT 21:00 23/02/2017

 

[Option_Banque]

Daily Report on February 24, 2017 by Option Banque

Daily Report on February 24, 2017



Asian shares trimmed a weekly rally on Friday, slipping from one-and-a-half-year highs. Markets were dragged down by sudden falls in industrial metals including copper. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.5% but looked set for its fifth straight week of gains. Hong Kong's Hang Seng also lost 0.5% while China's mainland shares dropped 0.4%.

Australian material stocks topped the market decliners in the wake of big falls in the price of copper, iron ore and other commodities. Copper futures tumbled on Thursday amidst rising concerns over China’s demand.

Being on track for a weekly decline of around 2 percent, copper prices were undermined by worries about demand in the world’s biggest copper consumer after China's deputy housing minister Lu Kehua on Thursday said preparatory work was aloof to a nationwide property tax in an attempt to stabilize the property market.

Gold, meanwhile, hovered around 3-1/2-month highs logged on Thursday, heading for a fourth weekly increase. The rally in the previous session came on the back of a weakening dollar which stemmed from failed attempts of Treasury Secretary Steven Mnuchin to support the currency. In a meeting of manufacturing executives at the White House, U.S. President Donald Trump signaled he wants to keep the greenback’s value lower to aid American companies selling products abroad.

Elsewhere, the Energy Information Administration (EIA) on Thursday reported U.S. stockpiles rose last week for a seventh straight week. According to the government data, U.S. crude inventories rose by 564,000 barrels in the week to Feb. 17, below analysts' expectations for a rise of 3.5 million barrels.



Technicals

GBPJPY



Fig: GBPJPY H4 Technical Chart

GBPJPY price action has been trapped in a narrowing trading range formed by lower highs and higher lows. The pair is approaching the upper boundary and is expected to break above the range as RSI has indicated a resurgence of bullish force. ADX is also inching higher, confirming a strong bullish sentiment.

Trade suggestion

Buy Digital Call Option from 141.800 to 142.600 valid until 21:00 GMT February 24, 2017



GBPAUD


Fig: GBPAUD H4 Technical Chart

GBPAUD has been moving sideways around 1.62750 after breaking the 23.6% Fibonacci level from below. The short-term MA20 has converged with the long-term MA50, suggesting a reversal into an uptrend. RSI remains above 50 and is edging higher, signaling further advances.

Trade suggestion

Buy Digital Call Option from 1.62800 to 1.63300 valid until 21:00 GMT February 24, 2017



WTI


Fig: WTI H4 Technical Chart

U.S. crude price rebounded from a support at 54.30, also supported by a short-term 20-period moving average. The commodity resumed its rally following a short correction on Thursday. The bulls appear to jump back to market, as indicated by the RSI which is edging higher. The resistance at 55.00 is within the sight.

Trade suggestion

Buy Digital Call Option from 54.50 to 55.00 valid until 21:00 GMT February 24, 2017



GOLD


Fig: GOLD H4 Technical Chart

Gold has broken out of a consolidation at 38.2% Fibonacci retracement. After a sharp advance on Thursday which sent the price to 38.2% resistance, the price was contained and forced to move sideways. The price continued to surge higher but the RSI has reached the overbought zone, suggesting the rally will likely be short-lived.

Trade suggestion

Buy Digital Call Option from 1253.00 to 1260.00 valid until 21:00 GMT February 24, 2017

 

[Option_Banque]

Natural Gas Trade Idea by Option Banque

Natural Gas Retreats As Concerns Over Mild Weather Overshadow Draw In U.S. Stocks

U.S. natural gas turned lower on Friday after finding support in the previous session on the back of a larger-than-expected draw in U.S stocks.

According to the latest weekly report published by the U.S. Energy Information Administration (EIA) on Thursday, U.S. natural gas inventories dropped by 89 billion cubic feet (bcf) for the week ending February 17, slightly larger than the 86 bcf forecast by analysts.

Natural gas futures looked set for another losing week with expectations of generally mild weather conditions in the U.S. undermining prices. Demand for the commodity for heating purpose is expected to lower as the weather is forecast to be warmer with temperatures returning to being slightly above normal next week.

Trade suggestion
Buy Digital Put Option from 2.610 to 2.550 valid until 21:00 GMT February 24, 2017