Oil Binary Options Weekly Setup December 12–16 2011

Trading Binary options can be done on currencies, crude oil, stocks and gold. In this new weekly section we will be focusing on crude oil binary options. In December crude oil prices will be effected by current Euro zone changes.

This week, starting December 12th, brings 4 major market events that can produce trading opportunities on oil binary options, and a unique Holiday season Bonus Offer from 24option.comfor BOCrunch oil  binary option traders.

These are the events for this week (all times are GMT) :

  • German ZEW Economic Sentiment: Tuesday, 10:00. Exp. -55.7. -48.3  or more, CALL on Oil. -57.2 or worse, PUT on Oil.
  • U.S. Unemployment Claims: Thursday, 13:30. Exp. 389K. 397K or more, PUT on Oil. 380K or less, CALL on Oil.
  • U.S. Philly Fed Manufacturing Index: Thursday, 15:00. Exp. 5.1. 8.7  or more PUT on Oil. 1.9  or less, CALL on Oil.
  • U.S. Core CPI: Friday, 13:30. Exp. 0.2%. 0.3% or higher, PUT on Oil. 0.0% or lower, CALL on Oil.

If you’re interested in trading oil binary options, please go to 24option. They’re a leading binary options provider.

These expected market reactions and setups are general market commentary. This is by no means any type of investment advice.

Quick explanations:

  • CALL options – if the price closes at a higher level than the price you purchased at expiry time, you make 85%. If it closes below, you’re left with 10%.
  • PUT options – if the price closes under the price you purchased at expiry time, you make 85%. If it closes above, you’re left with 10%.

Read more on Gold Binaries at our  Weekly Gold Binary setup.

Read more on Oil and other commodities at TradingNRG

The data for these news events has been analyzed given previous releases and reactions, current market conditions and more. Significant surprises to market consensus, as given by surveys of economists, normally trigger sharp market reactions that proceed for a long period of time. When some events collide with each other, they can offset each other. So, these events aren’t in the list.

Full Disclosure: BOCrunch is affiliated with 24option.

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