Tag: Commodities

Crude Oil Analysis – Aiming for $110

Crude Oil Analysis – Aiming for $110

Technical Analysis
WTI Crude has been caught in a range since March 2014 within the limits of 104 and 98. Within this huge consolidation level, Crude has been making higher highs but the level of 104.53 remains a strong resistance level with price unable to break higher. In the larger perspective, since late 2013, Crude Oil has been rallying and the consolidation paints an ascending triangle pattern which is indicative in this context to be a continuation pattern. The ascending triangle gives a target to 110, with interim levels coming in at 107 and the current resistance of 104.5. The upward path can be charted with the median line, where we notice price hugging the median line, which could point to a short term correction towards the lower median line. After softly breaking the previous high at 104.46,

Trading commodities with binary options

Trading Articles
If you have ever considered investing online, then trading commodities with binary options form a better alternative. The way binary options trading functions is that first you pick an asset say for example crude oil, a commodity and either make a PUT or a CALL option. The payouts vary between 65% to as high as 81% during regular trading hours. Online trading commodity is one of the best picks for binary options. The reason being that you don't need to invest a lot and at the same time you can earn unlimited profits, if you take the right decisions at the right time. But before trading commodities with binary options, a good research on the commodity you wish to trade is very essential. Trading commodities with binary options has now gotten even simpler; this is because of the ease ...