The Trade is opened when WTI Crude Oil Futures are trading at 52.10 (Selling Price) - 52.20 (Buying Price) 1 TICK of Crude Oil is 0.01
You think the price is due to FALL Sell Crude Oil @ $10 per TICK @ 52.10
You think the price is due to RISE Buy Crude Oil @ $10 per TICK @ 52.20
With PIPTRADE you can choose the US$ value per tick
according to your risk preference. When you trade at $10 per
TICK, your profit or loss will change by $10 every time the
price of WTI Crude Oil Futures changes by 1 TICK (or 0.01)
The Trade is closed when WTI Crude Oil Futures are trading at 53.15 (Selling Price) - 53.25 (Buying Price)
Sell Crude Oil @ $10 per TICK @ 53.25
Buy Crude Oil @ $10 per TICK @ 53.15
Selling Price: 52.10
Buying Price: 53.25
Difference:
(52.10 – 53.25) = -1.15
Your loss on the trade is 115 ticks
Trade Size: $10 per TICK
(0.01 movement)
-115 * $10 = -$1,150 Loss
Buying Price: 52.20 Selling Price: 53.15
Difference:
(53.15 – 52.20) = 0.95
Your profit on the trade is 95 ticks
Trade Size: $10 per TICK
(0.01 movement)
This is the most popular grade of oil that is traded on any market. This particular contract with PIPTRADE is traded on the New York Mercantile Exchange and has proved in recent months to be one of the most volatile products.Crude oil is refined to produce many other petrochemicals such as jet fuel, heating oil and gasoline.
Russia, Saudi Arabia and the Untied States are the 3 biggest producers of oil across the globe. The prices of gasoline and heating oil can also have a knock on affect in the pricing of this commodity so there are many factors you will need to focus on when trading this product.
Usually the summer and winter months are when the demand is largest however weather patterns in these times can greatly effect the pricing of this product.
FALL
