Crude Oil Financial Spread Betting June 2008
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Quick and simple answers to the most common Brent Crude Oil / Nymex Crude Oil trading questions:
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Crude Oil Spread Trading
A regular Crude Oil spread trading update by Simon Denham of Capital Spreads. For the latest Crude Oil spread trading update, click here.
Crude Oil Spread Betting, 6 Jun 08
In the commodities markets the story is once more all about energy with Heating Oil, Gas and Crude all shooting higher in yesterday’s session. Traders will be nervous (understandably) after the dramatic failure of the attempt to move lower and we are now back in the $126 to $129 trading range of last week. There appeared to be little reason for the shift higher. The probability is that it was more to do with weak short positions being squeezed throughout the trading session.
Crude Oil Spread Betting, 5 Jun 08
Oil broke below the $126 support level I mentioned a few days ago and has fulfilled the prediction made at the time of following through on any break. This morning we are way down with the Brent Crude Oil spread (July) at ‘only’ $121.70 - $121.75.
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Crude Oil Spread Betting, 3 Jun 08
Ryanair came in pretty much on the button with a 4th qtr loss after write down of the Aer Lingus stake. Unfortunately the company forecast for the year 2008/2009 is for no profit at all as they try to adjust price expectations for their army of cheap flyers to levels commensurate with $130 a barrel. Whilst I believe that Oil will fall to more sustainable levels, that is just a belief. Equity must price in the situation as we see it. There is no guarantee that oil will fall and in that scenario the stock could be under long term pressure.
Crude Oil is looking to being stuck between $126 and $129 (roughly) with the futures trading between these levels at least once or twice a day. Markets tightened up yesterday closing at the opening price and this is often a signal of a break out in one direction or the other. The best advice is to steer clear of the market but if you must trade either use the ranges mentioned earlier with stops on a trade below $125.50 and above $129.50 or wait for a closing breakout and then trade in the direction indicated.
US Oil Inventories - watch out for the US oil inventories at 15.30 on Wednesday. They will be widely watched and we can expect extreme volatility in their aftermath.
Crude Oil Spread Betting, 2 Jun 08
Oil is the new gold for retail investors according to Paddypowertrader. The company has seen Irish spread bettors move en masse into commodity trades such as oil following a sharp rises and falls in the price of crude oil.
“When gold hit the psychological barrier of $1,000 dollars an ounce it looked like the gold rush was over. Paddypowertrader has watched the numbers of spread bettors starting to move into oil double in the last two weeks. The price of oil touching $135 a barrel at the end of last week has certainly sweetened the bets for savvy spread bettors going long,” said Davin McAnaney of Paddypowertrader.
“Paddypowertrader is eager to enable retail investors to get involved in the market through spread betting. Financial spread betting is a viable alternative investment option and this week we have seen slick spread bettors moving into oil positions. As the oil price has been rising and falling our clients have been placing both long and short bets,” added McAnaney.
More details on Paddypowertrader.
Crude Oil Spread Betting, 30 May 08
Crude Oil did the almost exact opposite of Wednesday moving sharply higher on the Inventories numbers showing an almost 9m barrel drop in storage before late news on consumption numbers helped it to fall quickly back down. We bounced off the $126 level yet again, as we had on numerous occasions on Tuesday and Wednesday, but the sentiment by the close was still on the weak side with Brent July finally expiring at $126.80 having traded a $6 range during the day.
Crude Oil Spread Betting, 29 May 08
Crude Oil had a whole series of attempts at breaking below £126 but was already bouncing before the weak inventory numbers helped it out. The price went from $3 down to $2.5 up at the close which just about sums up the volatility in this market at the moment.
Crude Oil Spread Betting, 28 May 08
Quite an interesting day yesterday on the markets with Crude Oil slumping to...errr...just $128, Gold dropping $20 creating, one might have hoped, an opportunity for a small rally elsewhere. Unfortunately nobody was buying this small piece of good news and the world’s indices and currencies did, well in the end, pretty much nothing at all.
Crude Oil Spread Betting, 26 May 08
Looking at last week: On Monday OPEC said that there were sufficient supplies of Crude Oil and that an increase in production was unlikely which pushed crude oil a record high of $135.09 on Thursday. Brent Crude ended the week $6 higher at $131.57.
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Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Crude Oil Financial Spread Betting June 2008' by DB, updated 06-Jun-08
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Crude Oil Spread Betting July 2008, updated 18-Jul-08
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Crude Oil Financial Spread Trading June 2008, updated 20-Jun-08
Crude Oil market news: Oil had yet another go at the highs yesterday making it nine times in the last ten trading sessions that there has been an effort to close above $137 in the front month contract whilst at the same time there have been five failed attempts to get below...read article.
Crude Oil Financial Spread Betting June 2008, updated 06-Jun-08
Crude Oil market news: Oil broke below the $126 support level I mentioned a few days ago and has fulfilled the prediction made at the time of following through on any break. This morning we are way down with the Brent Crude Oil spread at only $121.70...read article.
Crude Oil Spread Bet May 2008, updated 23-May-08
Crude Oil market news: Dealers bought Crude Oil heavily after the US inventory numbers showed a surprise drop last week, although it has to be said that the inventories had been rising for months. The squeeze in the markets since the end of March is actually...read article.
Crude Oil Trading May 2008, updated 09-May-08
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Crude Oil Trading April 2008, updated 25-Apr-08
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Crude Oil Spread Bets April 2008, updated 11-Apr-08
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Crude Oil March Spread Trading, updated 28-Mar-08
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Real-time Crude Oil Prices and Charts, updated 15-Feb-08
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