Market Overview for Binary Options Trading of Commodities for Next Week

When it comes to trading commodities, volatility is one of the biggest concerns of the traders. Besides, traders must have access to one thousand dollars or above margin. However, after the launch of commodity binary trading options platform, this trend has undergone massive change. Thus, when a trader trades binary options keeping commodities as the main asset, they can make speculations on products like gold, oil, copper and silver among others. As a result, when a trader trades a commodity directly, he/she needs to analyze the extent to which its price shall move. On the other hand, with commodity binary options trading, the trader needs to simply determine the direction in which the price shall move. Here, find a market overview for Binary Options trading of commodities for next week.

Overview for Commodities Trading

The binary options traders can trade the numerous commodities as per their requirements. For instance, traders can opt for energy commodities like oil, gas and coal as well as metals such as iron, steel, copper. Similarly, traders can also engage in the trading of precious metals like silver, gold and platinum and agricultural products like corn, coffee and sugar. Despite performing well last year, commodities have fallen by over twenty percent this year. Besides, the drop in oil prices and the growth of US oil stocks have pulled down the performance of the market further. Given the above scenario, energy is likely to remain the major driver next week.

According to financial experts, the excess U.S. oil stocks should decrease by the end of 2016, resulting in a balanced market in 2017 and improved demand. On the other hand, the Fed’s interest rate hike will come into effect gradually and would therefore not affect the prices of commodities. However, oil is likely to remain in demand next week and gold is likely to go up as well.

Leave a Reply

Your email address will not be published.

Related

GBP to USD Prediction – Bulls Target $1.2450 Amid Weak U.S Jobs Report

It is somewhat of a GBP-USD day. The market does not have the United Kingdom’s economy to ponder today. Meanwhile, the attention has remained on the Federal Reserve following GBP-USD’s Thursday $1.23 return. The currency has never explored the value since June. Though hawkish bets place the sterling at the $1.25 mark into 2023, massive […]

Genesis Halts Withdrawals Amid a Collapse of The Digital Currency Market

Genesis Global Capital has stopped processing withdrawals, confirming this week’s rumors. This is the most current lending program to file for bankruptcy. In 2022, Celsius Network, Voyager Digital, and other companies did so. At the moment, Derar Islim is Genesis’ acting CEO. Islim told Investors that the firm is looking at its options and seeking […]

Amid The FTX Crisis, Binance Receives an FSP License in Abu Dhabi

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has awarded Binance the Financial Services Permission (FSP) status. As a result, Binance, the world’s largest cryptocurrency exchange, is set to begin offering custody services in ADGM. Binance’s Plans to Expands into The Middle East Binance has gotten the green light to […]

MoneyGram Incorporates Cryptocurrency Exchange for US Subscribers

In recent news, MoneyGram has incorporated digital assets exchange for its US subscribers. In this update, the financial institution temporarily supported digital assets like BTC, ETH, and LTC. The firm has also stated goals to accept multiple cryptocurrencies and extend the operation to more regions in the long term. Updates on MoneyGram’s Latest Service Addition […]

FTX-Linked Crypto Exchange Has Stopped Accepting Withdrawals And Deposits

When fiat and cryptocurrency withdrawals were temporarily disabled on the Liquid Global platform on November 15, the FTX-owned cryptocurrency exchange Liquid announced this on Twitter. Liquid Suspends Deposits The collapse of crypto firms associated with Sam Bankman-Fried has already had a severe rippling effect on various organizations inside the ecosystem. For example, the CEO of […]