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OIL WITH BINARY OPTIONS

AUD/NZD 1.04022 22:00 08.12
NZD/USD 0.71742 22:00 08.12
EUR/AUD 1.42191 22:00 08.12
CAD/JPY 86.453 22:00 08.12
NZD/JPY 81.794 22:00 08.12
AUD/USD 0.74632 22:00 08.12
AUD/JPY 85.108 22:00 08.12
GBP/JPY 142.981 22:00 08.12
EUR/JPY 120.983 22:00 08.12
USD/JPY 114.031 22:00 08.12
EUR/USD 1.06086 22:00 08.12
NZD/JPY 81.771 21:30 08.12
AUD/USD 0.74627 21:30 08.12
AUD/JPY 85.084 21:30 08.12
EUR/JPY 121.015 21:30 08.12
EUR/USD 1.06141 21:30 08.12
USD/JPY 114.011 21:30 08.12
WELLS FARGO 57.285 21:00 08.12
USD/CHF 1.01627 21:00 08.12
TOYOTA (US) 122.740 21:00 08.12
SONY 29.155 21:00 08.12
SILVER 17.011 21:00 08.12
GOLD 1170.838 21:00 08.12
COLGATE-PALMOLIVE 65.695 21:00 08.12
FIAT CHRYSLER 8.46 21:00 08.12
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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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