Tullow Oil Spread Betting
Where Can I Spread Bet on Tullow Oil?
Investors can trade Tullow Oil with any of the following spread betting companies:
|Broker Ratings - Sponsored by IG
Tullow Oil Broker Ratings
A look at the latest Tullow Oil broker ratings:
|16-Mar-16||Outperform||RBC Capital Markets||197.4||260||31.70%|
|11-Mar-16||Neutral||Exane BNP Paribas||208.7||163||-21.90%|
|09-Mar-16||Neutral||Exane BNP Paribas||212.3||163||-23.20%|
|18-Feb-16||Outperform||RBC Capital Markets||177.7||260||46.30%|
|16-Feb-16||Outperform||FirstEnergy Capital Corp||176.1||240||36.30%|
|12-Feb-16||Market Perform||BMO Capital Markets||149.7||200||33.60%|
|19-Jan-16||Outperform||RBC Capital Markets||128.8||260||101.90%|
|11-Jan-16||Market Perform||BMO Capital Markets||135.9||210||54.50%|
|06-Jan-16||Top Pick||FirstEnergy Capital Corp||161.1||330||104.80%|
For the latest UK broker ratings see Daily Trading Tips.
Where Can I Find Live Spread Betting Prices and Charts for Tullow Oil?
The CFD chart below provides users with a guide to the Tullow Oil market.
The above chart typically follows the near-term Tullow Oil futures price.
Should you want to review real time spread trading charts and prices for Tullow Oil, you might require a spread trading account.
Also, a spreads account would let you speculate on the shorter term spot markets. Please note that accounts are normally dependent on suitability and status checks.
Should your new account be approved then, once logged in, you will be able to check the prices/charts. Usually, these are free, however, the catch is that you are likely to receive an occasional email or letter from the spread trading broker.
Of course, if you want to trade then, before starting, you should be aware that spread trading and contracts for difference do carry a high degree of risk to your funds and it's possible to incur losses that exceed your initial deposit.
See below for more on advanced Tullow Oil charts.
Tullow Oil Analysis & News
Advanced Charts for Tullow Oil
Even though the charting packages normally differ across the industry, in order to help your trading, most charts generally come with handy tools and features such as:
Charts from Financial Spreads also come with more advanced features:
- A number of different time intervals - 2 minutes, 30 minutes, 1 day and so on
- Various views - OHLC, candlestick and line charts
- Drawing options - trendlines, Fibonacci arcs, time zones and fans
Example equity trading chart from Financial Spreads
- Custom Indicators, Back Testing and Analysis tools
- Useful overlays - Ichimoku Kinko Hyo, Moving Average, Chande Kroll Stop and so on
- Technical indicators - Chaikin's Money Flow, Stochastics, % Price Oscillator and so on
- Custom email notifications that trigger when a market hits a given price
The spread trading companies listed below offer account holders live prices/charts:
Where Can I Spread Bet on Tullow Oil for Free?
Investing, by its very nature, is not without risk, but if you'd like to open a Test Account (free), that lets you look at candlestick charts and try spread trading, see below for more details.
When considering which trading option might work for you, also remember that spread trading, in the UK, is tax free*.
If you want to try a free spread trading website then keep in mind that you are able to trade Tullow Oil with no brokers' fees or commissions with firms such as:
If you are looking for a free Practice Account that lets users try out online spread betting on markets such as the DAX 30, USD/JPY, EUR/GBP and Tullow Oil, then have a closer look at:
The above companies currently offer a risk free Practice Account that lets investors try out new trading strategies, apply an array of trading orders and access professional charts, including candlestick and line charts.
How to Spread Bet on Tullow Oil?
Should you want to invest in UK listed companies such as Tullow Oil then one possibility could be to place a spread bet on the Tullow Oil share price.
Logging onto FinancialSpreads, we can see they are offering the Tullow Oil Rolling Daily market at 1455.2p - 1458.8p. Therefore, an investor could spread bet on the Tullow Oil shares:
Increasing above 1458.8p, or
Decreasing below 1455.2p
When spread trading on FTSE 350 shares you trade in £x per penny. So, if your stake was £2 per penny and the Tullow Oil share price changes by 27p then that would change your profits (or losses) by £54. £2 per penny x 27p = £54.
Rolling Daily Shares Markets
Note that this is a Rolling Daily Market and therefore unlike a normal futures market, there is no settlement date. If a trade is still open when the markets close at the end of the day, it simply keeps rolling over into the next day.
If your position does roll over and you are speculating on the market to:
Move up - then you will often be charged a small financing fee, or
Move down - then you'll normally receive a small credit to your account
If you would like a fully worked example then see Rolling Daily Spread Betting.
Tullow Oil Rolling Daily - Shares Trading Example
If we take the spread of 1455.2p - 1458.8p and assume that:
Then you might decide to buy a spread bet at 1458.8p for a stake of £2 per penny.
- You've analysed the company, and
- Your research suggests the Tullow Oil shares will move above 1458.8p
So, you make a profit of £2 for every penny that the Tullow Oil shares increase and go higher than 1458.8p. However, such a bet also means that you will lose £2 for every penny that the Tullow Oil market moves lower than 1458.8p.
Looked at another way, if you were to ‘Buy’ a spread bet then your profit/loss is calculated by taking the difference between the final price of the market and the initial price you bought the market at. You then multiply that difference in price by the stake.
As a result, if after a few hours the shares started to increase then you might want to close your position and therefore guarantee your profits.
Therefore, if the market moved up then the spread, set by the spread betting company, might move up to 1528.1p - 1531.7p. In order to close your spread bet you would sell at 1528.1p. As a result, with the same £2 stake:
Your profit / loss = (Closing Value - Initial Value) x stake
Your profit / loss = (1528.1p - 1458.8p) x £2 per penny stake
Your profit / loss = 69.3p x £2 per penny stake
Your profit / loss = £138.60 profit
Financial spread trading on shares is not always easy. With this example, you wanted the share price to increase. Of course, it can also fall.
If the Tullow Oil share price decreased, contrary to your expectations, then you could close your trade to stop any further losses.
Should the market drop to 1398.3p - 1401.9p you would close your trade by selling at 1398.3p. So your loss would be calculated as:
Your profit / loss = (Closing Value - Initial Value) x stake
Your profit / loss = (1398.3p - 1458.8p) x £2 per penny stake
Your profit / loss = -60.5p x £2 per penny stake
Your profit / loss = -£121.00 loss
Note: Tullow Oil Rolling Daily equities market quoted as of 19-Oct-12.
Tullow Oil Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Tullow Oil with
'Tullow Oil Spread Betting' edited by Jacob Wood, updated 03-Oct-17
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