PORTFOLIO ALERT – OIL SHORT POSITION CLOSED. LONG POSITION OPENED

 In Uncategorized

Oil has hit trend line support as we expected and short position take profit hit at 40$.

A pull back to 40.5$ range is expected.

A narrow channel has opened with a 1.3$ range from support to resistance.
Position is a long
Instrument – crude oil future contract
CFD lot = 1,000 barrels
Position volume 10 lots = 10,000$ units
Leverage 1-to-100
Position value = 3,894,000$
Entry rate 38.94$
Stop out at 38$
Margin requirements 1% from position market value = 38,940$
Free margin to stop out 9,840$
Take profit at 40.50$
Spread 1.5$
EST PROFIT = 150,000$
Recent Posts

Leave a Comment

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt