Oil Binary Options Weekly Setup November 21–25 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. November has shown different signals due to changes in the Euro-Zone and the U.S. market.

This week, starting November 21st, brings 4 major market events that can produce trading opportunities on oil binary options, and a unique 500$ Bonus Offer from 24option.comfor BOCrunch oil  binary option traders.

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

  • U.S. Existing Home Sales: Monday, 15:00. Exp. 4.82M. 5.05M  or more, PUT on Oil.  4.77M or less, CALL on Oil.
  • U.S. Prelim GDP: Tuesday, 13:30. Exp. 2.5%. 3.0%  or higher, PUT on Oil.  1.8% or lower, CALL on Oil.
  • U.S. Unemployment Claims: Wednesday, 13:30. Exp. 387K. 390K or more, PUT on Oil. 385K or less, CALL on Oil.
  • U.S. Revised UoM Consumer Sentiment: Wednesday, 14:55. Exp. 64.6. 67.5  or more, CALL on Oil.  60.9 or less, PUT 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 Oil and other commodities at TradingNRG

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

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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