Ok my favourite strategy has been working since i started trading binary options and i have made huge profits from it with http://binarykings.co.uk
I trade crude oil inventories every week when the news is released every Wednesday at 14:30 London GMT.
Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.
a larger supply of oil in the US usually means the price of oil will decrease due to weak demand and a smaller supply of oil in the US means demand has increased which usually drives the price up.
When looking at the economic calendar [http://https://binarykings.co.uk/education-center/economic-calendar](http://https://binarykings.co.uk/education-center/economic- calendar) you are able to see forecast and the previous week results which can help with your predictions.
Strategy: when the results are released i will take an option till the end of the day, for example $1000 either PUT or CALL and a fixed return of 86% with the option to expire 20:00 London GMT.
I use this strategy because it is easy and simple and i have made huge bucks from this.
I trade EUR/USD most of my time and have a long time learning strategies but still looking for the best strategy to come out. Looking forward to hear more thoughts from fellow traders.
i find your stratgegy interesting and want to give it a go, im a newbie to trading and im trying to get my head around a few things, these are figures released this afternoon;
15:30 Done US USD EIA Crude Oil Stocks change (Jan 22) 2 8.383M 3.277M 3.979M
not sure why it says jan 22nd(1 week ago) but these were the figures released today.
as im sure you’re aware the first figure 8.383M is the actual amount stockpiled, the second is forcast 3.277M and third is previous amount 3.979M.
so thats a jump in over 4 millions barrels stockpiled from last week right??
so it would be safe to say that demand “should” weaken in the U.S bringing the price per barrel down by close of market in the U.S?
If you could shed some light on this it would be very much appreciated!
ill be watching the price of oil in the meantime !