Another grade of oil is Brent Crude, which is primarily traded in London, and is seeing increased interest.
Trading crude can be confusing when you first get into it, and you should memorize these specifications before considering trading:. Permian Basin and other local sources while Brent comes from more than a dozen fields in the North Atlantic. Cushing, Oklahoma is the delivery point of crude oil. This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.
Futures How does crude oil affect gas prices? Getting Started.
Cannon Trading respects your privacy, all transactions are safe and secure with High-grade Encryption AES-256, 256-bit keys. However, it has a relatively high risk due to the 1,000 barrel contract unit and. With opportunity comes risk so you have to manage the risk exposure with intention and eyes wide open.
For example, if one were to trade a single contract of crude oil futures that moves just. The same thing can happen throughout the day since crude futures trade around the clock. Investing Futures.
Here are some quick tips that you should look for when tracking price movement and making trades:. The amount required by your broker to open a day trading position is called Intra-day margin; it varies by broker and is subject to change. General Risk Warning: Trading in the current delivery month shall cease on the third business day prior to the twenty-fifth calendar day of the month preceding the delivery month.
Major news events can happen overnight, causing oil prices to swing unpredictably and widely. I like to set up my future trading platform with automated target and profit to be sent to the market as soon I enter my trade.
Most traders close their position EOD to ensure they sleep at night, considering overnight volatility. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained.