Premier Oil Spread Betting
Where Can I Spread Bet on Premier Oil?
Currently, you can speculate with no brokers' fees and no commissions on Premier Oil, plus a range of other related online markets, with companies such as:
|Broker Ratings - Sponsored by IG
Premier Oil Broker Ratings
A look at the latest Premier Oil broker ratings:
|11-Mar-16||Neutral||Exane BNP Paribas||52.25||36||-31.10%|
|09-Mar-16||Neutral||Exane BNP Paribas||53||36||-32.10%|
|02-Feb-16||Market Perform||BMO Capital Markets||33.5||40||19.40%|
|15-Jan-16||Speculative Buy||FirstEnergy Capital Corp||19||190||900.00%|
|11-Jan-16||Underperform||BMO Capital Markets||30||30||0.00%|
|07-Jan-16||Outperform||RBC Capital Markets||31.25||90||188.00%|
|16-Nov-15||Underperform||BMO Capital Markets||73.8||65||-11.90%|
|13-Nov-15||Outperform||FirstEnergy Capital Corp||69.35||210||202.80%|
For the latest UK broker ratings see Daily Trading Tips.
Where Can I Find Live Prices and Charts for Premier Oil?
The live contracts for difference chart below will provide you with a handy guide to the Premier Oil share price.
The Plus 500 chart that we use above typically tracks the near-term Premier Oil futures price.
To study spread trading charts and live prices for Premier Oil, you will normally require a financial spread betting account.
You can also use a spreads account to trade daily markets. Such accounts are normally dependent on credit and status checks.
Should your application be accepted, you will be able to log on and access the live charts and the current prices. These are normally provided as part of the service. The catch? You could receive the occasional sales letter or call from your financial spread betting firm.
Of course, if you do trade then be aware that spread trading and contracts for difference do carry a significant level of risk and it's possible to lose more than your initial investment.
See below for more on advanced Premier Oil charts.
Premier Oil Analysis & News
Professional Charting Packages for Premier Oil Shares
Although charts can differ from provider to provider, to help your trading, most charts come with features and tools that include:
Charts with Capital Spreads also have more advanced aspects, including:
- A host of different time intervals - 5 minutes, 2 hours, 1 month etc
- A variety of chart types - line and candle charts
- Tools for drawing and adding features - Fibonacci Time Zones, Arcs and Fans
FinancialSpreads.com trading chart
- BackTesting and Tailored Indicators
- Popular chart overlays - Bollinger Bands, Moving Averages, Price Channels etc
- A choice of secondary charts - ADX, Relative Strength Index (RSI), % Price Oscillator etc
- Automatic email alerts for when a market reaches a specific level
The online spread betting brokers in the list below offer their clients live prices and charts:
Where Can I Spread Bet on Premier Oil for Free?
Speculating involves an element of risk, however, if you want to open a (free) Practice Account, where you can trial spread trading on a wide array of markets, see below for more details.
When looking at which trading option might work for you, don't forget that, in the UK, financial spread betting is currently free of income tax, stamp duty and capital gains tax*.
If you're trying to find a free spread trading website then keep in mind that you can speculate on Premier Oil without brokers' fees or commissions through firms such as:
Should you want to have a look at a completely free Demo Account / Test Account which lets users try out financial spread betting, and markets like Premier Oil, then take a look at:
Each of these spread trading companies currently provide a Test Account that allows users to apply orders, use professional charts and test strategies.
How to Spread Bet on Premier Oil?
Should you decide to invest in UK companies like Premier Oil then one solution could be spread trading on the Premier Oil share price.
Looking at a financial spread betting site like Financial Spreads, you can see they are currently valuing the Premier Oil Rolling Daily market at 351.4p - 352.7p. Therefore, you can spread bet on the Premier Oil shares:
Increasing above 352.7p, or
Decreasing below 351.4p
Whilst spread trading on FTSE 350 equities you trade in £x per penny. As a result, should you choose to risk £3 per penny and the Premier Oil share price changes by 30p then that would change your P&L by £90. £3 per penny x 30p = £90.
Rolling Daily Equities Markets
One important thing to note is that this is a Rolling Daily Market and so unlike a normal futures market, there is no settlement date. Therefore, if you decide not to close your trade by the end of the day, it will just roll over into the next trading session.
If a trade is rolled over and you are speculating on the market to:
Go higher - then you are normally charged a small financing fee, or
Go lower - then you'll usually receive a small credit to your account
For more information on Rolling Daily Markets, and a fully worked example, please see Rolling Daily Spread Betting.
Premier Oil Rolling Daily - Equities Spread Trading Example
So, if you take the spread of 351.4p - 352.7p and assume that:
Then you may choose to buy at 352.7p for a stake of £15 per penny.
- You've done your analysis of the stock market, and
- Your research suggests the Premier Oil share price looks like it will rise above 352.7p
With such a bet you win £15 for every penny that the Premier Oil shares push higher than 352.7p. On the other hand, you will lose £15 for every penny that the Premier Oil market goes lower than 352.7p.
Looking at this from another angle, if you were to ‘Buy’ a spread bet then your P&L is calculated by taking the difference between the closing price of the market and the price you bought the market at. You then multiply that price difference by your stake.
If after a few hours the share price started to move upwards then you could choose to close your spread bet in order to secure your profit.
So if the market moved up then the spread, set by the spread trading firm, might move up to 363.8p - 365.1p. To close your trade you would sell at 363.8p. So, with the same £15 stake you would make:
Your P&L = (Closing Value - Opening Value) x stake
Your P&L = (363.8p - 352.7p) x £15 per penny stake
Your P&L = 11.1p x £15 per penny stake
Your P&L = £166.50 profit
Speculating on equities doesn't always work out as you would have liked. In this case, you had bet that the share price would rise. However, the share price can also decrease.
If the Premier Oil shares had started to fall then you might choose to close your position in order to limit your losses.
Should the spread pull back to 342.8p - 344.1p then this means you would close your spread bet by selling at 342.8p. This would result in a loss of:
Your P&L = (Closing Value - Opening Value) x stake
Your P&L = (342.8p - 352.7p) x £15 per penny stake
Your P&L = -9.9p x £15 per penny stake
Your P&L = -£148.50 loss
Note - Premier Oil Rolling Daily spread betting price taken as of 31-Oct-12.
Premier Oil Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Premier Oil with
'Premier Oil Spread Betting' edited by DB, updated 03-Oct-17
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