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OIL WITH BINARY OPTIONS

GBP/USD 1.25514 10:20 24.02
EUR/USD 1.05914 10:20 24.02
OIL-APR17 (BRENT) 56.330 10:15 24.02
AUD/USD 0.77055 10:15 24.02
AUD/JPY 86.694 10:15 24.02
SILVER 18.268 10:15 24.02
GOLD/EUR 1185.135 10:15 24.02
OIL-MAR17(WTI CRUDE) 53.980 10:15 24.02
GOLD 1255.437 10:15 24.02
EUR/JPY 119.183 10:15 24.02
USD/JPY 112.507 10:15 24.02
GBP/USD 1.25443 10:10 24.02
EUR/USD 1.05929 10:10 24.02
BitCoin/CNY 7817.995 10:00 24.02
USD/RUB 57.877 10:00 24.02
USD/NOK 8.32889 10:00 24.02
USD/CHF 1.00520 10:00 24.02
OIL-APR17 (BRENT) 56.245 10:00 24.02
NZD/CHF 0.72642 10:00 24.02
CAD/CHF 0.76746 10:00 24.02
NZD/USD 0.72268 10:00 24.02
SUGAR (11)-MAR17 20.1150 10:00 24.02
EUR/AUD 1.37528 10:00 24.02
CAD/JPY 85.880 10:00 24.02
AUD/USD 0.77030 10:00 24.02
AUD/JPY 86.645 10:00 24.02
GBP/USD 1.25379 10:00 24.02
EUR/USD 1.05932 10:00 24.02
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By: Johnny Fox
December 26th 2013 5:05pm GMT, London UK

A warm season’s greeting to all binary traders looking to catch up with the markets, Oil has been on the rise recently and presents an excellent opportunity to get back into the action. Boosted by last weeks renewed belief in a strong US economy and more importantly in an expected increase in the Country’s energy demands, oil has been continuing the uptrend which began earlier this month.

Currently inching above $99 amid concerns of continued violence in South Sudan disrupting production and output, some analysts are projecting a rise above the $100 mark as early as next week. The last time oil was priced above $100 was over 2 months ago, where the drop ended only when the asset crossed the $92 mark.

Binary traders looking to profit from the current trend in oil would be wise to choose longer term trades, while keeping an eye on the EUR/USD. Any significant rise in the strength of the USD will inevitably lessen the attractiveness of oil to foreign buyers, bringing this uptrend to an abrupt end.

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Johnny Fox

My position as the head of the US wealth management department is a position with a high responsibility. My role is to train, educate and support my trader portfolios. My monthly target for completed volume is 100 trades. Getting there safety with a strategy is the idea.

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