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OIL swings between loss and gains with uncertain future -

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Feb, 25th 11:51

ob-trade-idea

After the publication of the U.S. crude oil inventories, the oil price rose unexpectedly to 32.67 from 31.73, up almost 3%. Last night, the Energy Information Administration (EIA) reported crude oil stock increased by 3.5 million to 507.6 million barrels last week. The price has moved sideways in a narrow range between 33.80 and 31.00 for the last 7 trading sessions, but remains in the downtrend. It is predicted to hit the highs of around 33.00 before tumbling again.

Buy Digital Call Option at 33.40 and Digital Put Option at 31.80

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