Profiting from the Oil Rally using Binary Options
Events in the Middle East have been causing a rally in Oil prices. Most of all, transportation corporations seeking to secure current Oil prices against risky and uncertain Oil supply are buying Oil futures and feeding the rally.
The first sign of this rally came on February 17 tied to risk events in Egypt. As Middle East tensions spread to neighboring Oil-producing countries in the Arabian Gulf, March Crude Future Contracts spiked from $85 to$93. As prices passed through $93 a significant resistance level was breached and prices spiked to near $96 on February 21. News of a violent civil revolt in Libya pushed prices to near $100 a barrel on February 22, 2011.
One of the best ways to profit from bullish moves in Crude Oil Futures is by using Binary Options. Since you only need to decide which direction the market is moving, Binary Options are ideally suited to this rally. Payouts are as high as 85% per hour for Binary Options, so a $100 investment can return $185 in less than an hour. You just need to buy an option in the direction of the market. Your option will expire automatically at the end of the hour.
