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)
Reformulated Gasoline Blendstock for Oxygen Blending (RBOB) is the newer name for unleaded gas. This is traded on the New York Mercantile Exchange and is a by-product of crude oil.
For every 3 barrels of refined crude oil you get around 2 barrels of gasoline. Usually gas prices reach their lowest prices in December and their highest prices in April-May.
FALL
