How To Trade Oil Every Wednesday at 15:00 – Make Profits With Us Live

Trading Crude Oil Made Simple Crude Oil Trading Strategy

Hi Traders,

As our regular subscribers know we focus predominantly on Currency Trading. Today, however, I would like to share with exactly how platinum premium traders approach Crude Oil.

Before getting into our live trading event I wanted to present exactly what is needed as a trader to be successful trading Crude Oil.

What You need to know about Crude Oil to Day Trade Successfully

Crude Oil Prices

A couple of months ago the Oil prices were witnessing a rally. However, they’ve now reached a crossroad. After recording a three-year high figure of sixty-five dollars, the WTI futures prices dropped in the month of February to reach sixty dollars/barrel.

Since then it has recovered nearly seventy percent of the total value that was lost during the month. This recent price adjustment has forced the traders to wonder whether it’s temporary or the prices have actually touched the ceiling at sixty-five dollars per barrel.






The Real Scenario Behind Recovery

WTI futures recorded an average price of 42 dollars/barrel twelve months ahead of the OPEC as well as production deductions started in the month of November in 2016.

Later, in view of the false trader hopes that the oil industry would balance soon, the prices rose to over 50 dollars per barrel.

However, in the month of March in 2017, traders were concerned that the deductions won’t work and thus the prices dropped again in June.

It was around June that the inventories started dropping globally and the opportunities for economic development and growth also improved further. That’s precisely when the WTI futures rose to 66 dollars/barrel by the month of January in 2018.

What Should Crude Oil Traders Know?

If you’re a trader who’s looking to trade Crude Oil, then you must make note of a couple of important points. Firstly, the prices of Crude Oil keep fluctuating every single moment, since it’s traded publicly on different exchanges.

It must be noted that the Crude Oil prices are determined on the basis of global demand and supply as well as in accordance with the fundamental analysis of the commodity and the traders. When it comes to day trading, traders must focus on earning profits on the basis of the price fluctuations that happen on a daily basis.

Thus, traders should emphasize on speculating the short-term movements in the price. In order to day trade Crude Oil, traders must resort to a futures contract. This contract basically is an agreement for buying or selling Crude Oil, Gold or even Wheat in future. As a result, a trader closes all the contracts every day and incurs loss or profit on every single transaction on the basis of the price difference between the selling and buying prices of the contract.


Trading Oil Future Contracts

Depending upon their preferences, traders can trade a wide variety of contracts and crude oil such as the Crude Oil Future Contract that represents as many as one thousand oil barrels and E-Mini Crude Oil Futures Contract that represents five hundred Oil barrels.

Hence, buying and selling of Futures Contract are all about keeping a track of the number of ticks the price moved away from their entry price.

This further helps the trader in determining his/her loss or profit for every single trade.

According to the experts at Platinum Academy, the prices of Crude Oil may go past 65 dollars/barrel. They further clarified that if producers expect the prices to rise further, then they should be careful regarding market and trader sentiments and beliefs.

To reveal how a platinum elite traders, take over 2000 pips a year on the other two strategies Book your interest rate decision session absolutely free!

I hope you found this blog informative and it assists you in trading the market with confidence.

At platinum, We trade everything live with our elite traders

Don’t be in the 90% let us help you be in the top 10% that Succeed!

Have a great week, be smart, stay sharp.

The Platinum Formula:

Perfect Fundamentals + Perfect Technical Analysis + Perfect Logic + Perfect Risk Management = Perfect Trade

Download our free ebook to read about the various Trading Patterns that work in the Financial Market. Watch Trades of the Week Videos in our video gallery. Subscribe to Platinum’s Forex Newsletter.

Hopefully, you have enjoyed today’s article. Thanks for reading!

Have a fantastic day!

Nisha Patel

Live from the Platinum Trading Floor.

Get latest Forex and Cryptocurrency market reports and views, trading videos and forecasts of trading opportunities delivered straight to your Inbox.
Earnings Disclaimer:

The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.