The supply gets shorter but the demand rises continually. The increasing living standards and the economic growth in countries like China or India creates a rising demand. This has a huge impact on the future development of the oil price. Binary options are perfect to trade oil. Basically you are just betting on the direction of the oil price development until the option expires. If your prediction comes true, you win. Our recommendation for trading oil binary options is the brokerage house 24Option.

With 24Option you can put all different kinds of trading strategies in place while trading different various kinds of options. This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

What this saying new oil binary option is that the triggers for direction are the fundamentals the newswhile technical plays enable the trader to make the correct entry in the direction of the fundamental trigger. As it became obvious that the war was going to last for sometime as talks and mediatory efforts broke down, traders settled in for a long ride upwards. But this is where the technicals came to play. In the chart below, we see a double bottom forming at the commencement of the civil war, new oil binary option , giving crude a bullish jumpstart.

Combining the news and the double bottom formation, a discerning trader would know that the only way crude oil was going was northwards. This sets up the following binary option plays:.

For those who missed the play on scenario 1, the next play would be to wait for the retracement that would surely occur as traders took profits. Plotting the Fibonacci retracement tool from the swing low to swing high, we see this at the Of the two green circles, the second one is the most significant. This is because the first indicates the point of maximum retracement, which forms a key support.

It tells the trader that any other retracements would probably test that support level as well. This sets up the following trades:. The other binary trade types would be too risky to trade in this situation so we leave them out. Hope this short strategy lesson is well understood.

We used this for crude. You can use it for any asset in the binary options market. Trading Oil on Binary Options Platforms This article is sponsored by OptionBit which new oil binary option our recommended broker for trading oil with binary options.

Scenario 1 In the chart below, we see a double bottom forming at the commencement of the civil war, giving crude a bullish jumpstart. Scenario 2 For those who missed the play on scenario 1, the next play would be to wait for the retracement that would surely occur as traders took profits. Why Trade Crude with Binary Options? a It is an asset that can be day traded with an average pip movement of more than pips. b The dynamics of crude oil has changed in the last few years than at any other Estimated Reading Time: 4 mins.

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It's called 'binary' because there can be only two outcomes — Oil Binary Options This article is sponsored by OptionBit which is our recommended broker for trading oil with binary new oil binary option. This sets up the following trades: 1 Touch trade, setting the Quotex Binary Option Live Trading - US Crude Oil , time: at June 05, Email This BlogThis!

This article is sponsored by OptionBit which is our recommended broker for trading oil with binary options. It is true that this is a binary options trading blog, but the truth is that the principles we shall talk about cover all assets traded in the binary options market.

So we will select an instrument that is traded on the binary options platforms of many brokers to illustrate a typical trade strategy, and that asset is crude oil.

Many traders are familiar with trading currencies, but very few trade crude oil. As such, they are in a position where they are leaving a lot of money on the table. This is supported by the fact that the same technical analysis principles used in forex analysis are virtually the same principles used in technical analysis of any other instrument.

What is good for the goose definitely has to be good for the gander as well. Let us examin a binary options trading strategy that will employ the use of the Fibonacci retracement tool, this time not as a strict retracement tool but as a tool that can be used for range trading. Look at this daily chart for crude oil CLJ1.

This kind of trade is a dicey one, because the fundamentals that were pushing crude prices were ones that could not be predicted. This was a war situation. Any shift in the dynamics of the war would immediately cause a shift in the behaviour of the underlying asset. This was what was playing out here. Prices were rising as no one knew how long the war would last.

As battles for the Libyan cities raged and towns were taken, lost and re-taken by the opposing fighters, prices were doing a dance. In this sort of scenario, it is extremely important to pay attention not just to the fundamentals, but to the technicals as well. You may have heard the saying: trigger fundamentally, enter technically. What this saying means is that the triggers for direction are the fundamentals the news , while technical plays enable the trader to make the correct entry in the direction of the fundamental trigger.

As it became obvious that the war was going to last for sometime as talks and mediatory efforts broke down, traders settled in for a long ride upwards. But this is where the technicals came to play. In the chart below, we see a double bottom forming at the commencement of the civil war, giving crude a bullish jumpstart.

Combining the news and the double bottom formation, a discerning trader would know that the only way crude oil was going was northwards. This sets up the following binary option plays:. For those who missed the play on scenario 1, the next play would be to wait for the retracement that would surely occur as traders took profits.

Plotting the Fibonacci retracement tool from the swing low to swing high, we see this at the Of the two green circles, the second one is the most significant. This is because the first indicates the point of maximum retracement, which forms a key support.

It tells the trader that any other retracements would probably test that support level as well. This sets up the following trades:. The other binary trade types would be too risky to trade in this situation so we leave them out. Hope this short strategy lesson is well understood. We used this for crude. You can use it for any asset in the binary options market. Trading Oil on Binary Options Platforms This article is sponsored by OptionBit which is our recommended broker for trading oil with binary options.

Scenario 1 In the chart below, we see a double bottom forming at the commencement of the civil war, giving crude a bullish jumpstart. Scenario 2 For those who missed the play on scenario 1, the next play would be to wait for the retracement that would surely occur as traders took profits.

This sets up the following trades: 1 Touch trade, setting the

They either have a lot of experience with the asset, or have educated themselves on how to trade it profitably. If you are not allowed to use it leave this website. a It is an asset that can be day traded with an average pip movement of more than pips. You can use it for any asset in the binary options market. It is true that this is a binary options trading blog, but the truth is that the principles we shall talk about cover all assets traded in the binary options market. Mainly, I trade 60 second-trades at a very high hit rate.

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