Daily Analysis from FX77, Jan 13, 2015

FX:SPX500   S&P 500 Index
Research report by senoir expert from Goldman Sachs says the price expectation will be declining this and next year as to the crude oil option and Brent crude price option. In the meantime, the SocieteGenerale also shows the same atitude. This big hit in crude oil’s price has triggered the risk-avoiding ‘switch’, pushing the price of gold to a new high as $1240/ ounce over the past one month. Here are some trading advice for two mainstaybinary options.

In this 4h chart, we can see the the short-term jerky situation. The resistance is emerged at 1.1870/1.1900 while the support is at 1.1785/1.1760. Our data analyst suggests you choose Call.

It is estimated that the resistance will be at 1.8210/1.8250 while the support is at 0.8130/1.8100. Word ofadvice: for those veterans, it’s applicable to choose Call at the support position.

All the information mentioned above is for reference only. The FX team will keep an eye on the market and set up the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please pay more attention to us.