NEW YORK (ForexNewsNow) – On Feb 22, 2011, news of the violence and the civil uprising occurring in Libya pushed oil prices to close to $100 a barrel. Yet the oil rally didn’t start with Libya – it started on February 17th, with Egypt’s citizen protests for change spreading uncertainty into neighboring oil-producing countries in the Arabian Gulf, spiking March Crude Future Contracts from $85 to $93. Since Feb 17th, the tensions have, according to today’s daily forex news, only further intensified. What this means is that oil futures are continuing on a rally now – and the best way to trade this rally is with Binary Options trading.
Tensions throughout oil-rich nations have led to the rally, but behind the oil future’s rally are the transportation corporations looking to secure oil prices against uncertain supply; leaving traders watching and reacting to the bullish moves of Crude Oil Futures.
Political uncertainty, violence, and civil rebellions in oil-producing regions have always been strong influencers of Crude Oil Futures. By trading oil futures using Binary Options, traders are best equipped to respond to the rally as traders are only choosing the direction, and not the price. Usually in this situation, it is the specific price that becomes difficult to determine – trading can be quite volatile in fluctuations as traders respond at each news reporting.
With a Binary Option, as you are only choosing the direction the asset will close at expiry, you are best able to profit from the rally. So long as the option expires in the general direction as predicted, payouts occur usually at around 85%. With so much uncertainty across the geo-political spectrum of the Middle East, now is the time to profit in Crude Oil Futures with Binary Options.
Here’s a short video that explains how to trade binary options at StartOptions.