US Crude Oil Spread Betting
Where Can I Spread Bet on US Crude Oil? |
Currently, investors are able to spread bet with no brokers' fees and no commissions on US Crude Oil through an account with these firms:
Advert:
US Crude Oil Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on US Crude Oil with
Financial Spreads.
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Where Can I Spread Bet on US Crude Oil for Free? |
Investing in the markets involves a degree of risk, however, if you want to open a completely free Test Account, that allows you to try out financial spread betting and make use of candlestick charts, see below.
When deciding which investment option is right for you, also remember that, in the UK, spread trading is currently tax free*, i.e. there is no capital gains tax, income tax or stamp duty.
If you want a free online spread trading platform, note that investors can take a position on US Crude Oil with no brokers' fees, and zero commissions, through firms such as:
If you are interested in a virtual money Demo Account / Practice Account which allows you to try out spread betting, and markets like US Crude Oil, then you could take a look at:
All of the above spread trading companies offer a free Practice Account which lets investors look at professional charts, test new strategies and gain experience with orders.
Where Can I Find Live Spread Betting Prices and Charts for US Crude Oil? |
The interactive CFD chart below gives a helpful look at the US crude oil market.
The chart above typically follows the US crude oil futures contract (Light Sweet Crude).
If you want to access live spread betting prices/charts for US Crude Oil, you will normally require a spread betting account. Readers should note that all such accounts are subject to suitability, credit and status checks.
If your new account is accepted, you will be able to log on and view the live charts and prices. Usually, this is provided as part of the service. Having said that, you'll probably get the odd sales email or call from your chosen spread trading broker.
Of course, if you decide to trade then, before starting, you should note that CFD trading and financial spread trading involve a significant level of risk and can result in losses that exceed your initial deposit.
Professional Level Charts for US Crude Oil |
Despite the fact that the specific charting packages can differ across the various providers, the charts generally have useful features and options that typically include:
- A number of time periods - 2 minutes, 4 hours, 1 day etc
- Various views - line and candle charts
- Drawing tools - Fibonacci time zones, fans and arcs
- Chart overlays and technical indicators - Exponential Moving Average, Momentum, True Strength Index etc
Charts from Tradefair Spreads also come with advanced features:
- Back Testing
- Automated email alerts when the markets reach a given price
Example commodities candle chart
The spread betting brokers listed below give their clients real time prices/charts:
How to Spread Bet on US Crude Oil? |
As with a wide variety of global markets, investors can spread bet on futures, such as US Crude Oil, to rise or fall.
If an investor was to look at the FinancialSpreads website, they would see the company pricing the US Crude Oil July Futures market at $92.75 - $92.80. Therefore, an investor could spread trade on US Crude Oil:
 Settling higher than $92.80, or
 Settling lower than $92.75
On the expiry date for this 'July' market, 15-Jun-12.
Whilst financial spread betting on US Crude Oil you trade in £x per $0.01. As a result, should you decide to invest £5 per $0.01 and US Crude Oil moves $0.28 then that would alter your bottom line by £140. £5 per $0.01 x $0.28 = £140.
US Crude Oil Futures - Commodity Trading Example |
So, if we think about the above spread of $92.75 - $92.80 and make the assumptions that:
then you could buy a spread bet at $92.80 for a stake of £2 per $0.01.
With such a spread bet you win £2 for every $0.01 that US Crude Oil rises above $92.80. However, such a bet also means that you will make a loss of £2 for every $0.01 that the US Crude market falls lower than $92.80.
Considering this from another angle, if you were to ‘Buy’ a spread bet then your profit/loss is found by taking the difference between the closing price of the market and the initial price you bought the spread at. You then multiply that price difference by the stake.
Subsequently, if, on the expiry date, US Crude Oil finished at $93.31, then:
Profit / loss = (Settlement Level - Initial Level) x stake
Profit / loss = ($93.31 - $92.80) x £2 per $0.01
Profit / loss = $0.51 x £2 per $0.01
Profit / loss = £102 profit
Speculating on commodities, whether by spread betting or otherwise, is not simple. In this case, you wanted the commodity to increase. Of course, the futures market can also go down.
If US Crude Oil fell, closing lower at $92.22, you would end up making a loss and losing money on this trade.
Profit / loss = (Settlement Level - Initial Level) x stake
Profit / loss = ($92.22 - $92.80) x £2 per $0.01
Profit / loss = -$0.58 x £2 per $0.01
Profit / loss = -£116 loss
Note: US Crude Oil July Futures commodities market taken as of 21-May-12.
Advert:
US Crude Oil Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on US Crude Oil with
Financial Spreads.
|
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading 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.
'US Crude Oil Spread Betting' by DB, updated 08-May-13
For related pages also see:
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