Oil Binary Options Weekly Setup November 28–2 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 most trading and events in the U.S. the previous week.

This week, starting November 28th, 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) :

  • U.S. New Home Sales: Monday, 15:00. Exp. 312K. 319K  or more, CALL on Oil.  295K or less, PUT on Oil.
  • U.S. CB Consumer Confidence: Tuesday, 15:00. Exp. 43.8. 28.4  or more, CALL on Oil.  295K or less, PUT on Oil.
  • U.S. Unemployment Claims: Thursday, 13:30. Exp. 390K. 397K or more, PUT on Oil. 387K or less, CALL on Oil.
  • U.S. Non-Farm Employment Change: Friday, 13:30. Exp. 390K. 397K or more, CALL on Oil. 387K 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 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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