A review of Financial Spread Betting on Crude Oil.
Financial Spread Betting on Crude Oil
Also see today's Financial Spread Betting on Crude Oil News.
Financial Spread Betting on Crude Oil - 11 November 2011
Brent has also been clawing back some of the mild losses of recent days, which broke out to the upside earlier this week causing many bulls to get excited that this was the next leg higher.
For now the bulls are biding their time with Brent trading just higher at $114.10.
Financial Spread Betting on Crude Oil - 10 November 2011
Crude oil prices have suffered selling in line with the risk off trade of the past few days.
Just when crude oil looked like it had made a little breakout to the upside, the market turns negative again.
This has shown that any traders who've been opposing any recent rallies and falls would have done rather well, as markets have stuck within a relatively narrow trading range. This morning Brent is at $112.40.
Financial Spread Betting on Crude Oil - 09 November 2011
The US dollar was out of favour yesterday as risk-on trading was the dayís leader.
Traders were in search for higher-yielding assets like equities and commodities, where crude oil is at the top of the list.
Fundamentally, the need for crude oil in the US has slumped recently but on the other hand a decline in supply has been reported, bringing support back.
Iranian issues were also back on the agenda, threatening to disrupt supplies, as a leaked report indicated that the International Atomic Energy Agency is about to accuse the Middle Eastern country of running a nuclear weapons program.
Financial Spread Betting on Crude Oil - 08 November 2011
Despite the limited gains in the equity markets and the small increase in the US dollar, crude oil spread betting prices furthered their gains during yesterdayís trading.
One would look at the black goldís trading and assume that it is more driven by the resilient US economy, as opposed to the faltering Eurozone.
With technical analysis supporting the rally, peripheral investors may be waiting to get involved once key upside levels have been reached. Brent currently sits at $115.39.
Financial Spread Betting on Crude Oil - 07 November 2011
Brent crude oil is remarkably flat considering the risk off session in equities. Itís off its highs above $113 from the Asian session which has brought it back to $112 at the time of writing, with the black stuff seemingly seeing any major moves to the upside contained.
Financial Spread Betting on Crude Oil - 04 November 2011
The crude oil spread betting was given a leg up yesterday as hopes for a resolution on the Greek crisis were hitting headlines, increasing demand for the black stuff.
Additionally, the good news from the US in the form of initial jobless claims dropping more than anticipated gave support to oil, as did the weaker US dollar.
Letís just see if the NFP data later today can keep the market optimism high but as of right now, Brent crude is currently trading at $111.09.
Financial Spread Betting on Crude Oil - 03 November 2011
Amid yesterdayís concerns on the EU bailout plan, the rise in the ADP employment report was a breath of fresh air.
The US private sector added 110,000 jobs last month, beating expectations and spurring on energy traders thoughts of strong demand for crude oil remaining.
So in the early afternoon trading, the liquid stuff had a nice little rally, which was wiped off later on as the US Department of Energy report on crude stockpiles showed inventories were higher than initial expectations. At time of writing, Brent is trading at $108.3, down $1.07.
Financial Spread Betting on Crude Oil - 02 November 2011
Risk adverse traders threw their money in to safety havens, the main one being the US dollar.
This, in turn, pushed crude oil prices down and a drop in Chinaís PMI manufacturing, the second largest oil consumer, helped put further pressure on the black gold.
A late pull back was seen though as better prospects for the US economy were reported, with new orders expected to rise. At time of writing, the black stuff is sitting at $110.31.
Financial Spread Betting on Crude Oil - 01 November 2011
MF Globalís bankruptcy claim somewhat distorted the trading session for crude oil yesterday, as they were one of the largest commodities brokers out there.
After market traders were told they could only liquidate existing positions at the broker, volumes were understandably sent plummeting, below half of average levels it was claimed.
So disregarding the slumping equity markets and rising dollar, crude sat pretty much flat. At time of writing though Brent is trading down on the day at $107.91.
Financial Spread Betting on Crude Oil - 31 October 2011
The excitement born form the grand unveiling of the European bailout plan was certainly short-lived.
Pessimism was back on the table on Friday as market participants realised that there were still a lot of unanswered questions and a potential lack of resource to fulfil the plan and stop the possible slump.
As a result of this, the US dollar benefited from some buying, which helped to push crude oil prices down. This downward pressure hasnít stopped and at the time of writing, Brent is trading at $109.26.
Spread betting and CFD trading carry a high level of risk and you can lose more than your initial deposit so you should ensure spread betting or CFD trading meet your investment objectives and if necessary seek independent advice.
Market Commentry from Financial Spreads.
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With financial spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital. Please familiarise yourself with the risks that are involved and before trading, ensure that financial spread betting matches your investment objectives. Seek independent advice where necessary.
Financial Spread Betting on Crude Oil - edited by MJ, 11 November 2011.
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With spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital so please familiarise yourself with the risks that are involved and, before trading, ensure that spread betting matches your investment objectives. Seek independent advice where necessary.
* Based on current UK tax law. Tax law may change and can differ depending on your personal circumstances.