Trading Hours: 8 AM - 6 AM Singapore (closes 2 hours per day)
Initial Margin: $549
Average True Range: 2.0
Key Attributes -
Mini Brent Crude Futures contract with contract size of 100 barrels is cash-settled based on the ICE Futures Europe Brent Crude Futures contract which has a contract size of 1,000 barrels. The reduced product size allows clients to optimize their capital exposure allocation and flexibility to utilize financial leverage across multiple products giving portfolio diversification opportunities to the client.
Price fell from the 6th July high at $76.80 to a low of $66.91 on 20th July and reached the lower Bollinger Band ® and oversold on the Stochastics. As Covid vaccines continue to roll out globally, demand was expected to exceed supply as economies attempt to recover from the impact on Covid restrictions on economic activity.
Please feel free to join our ˲tradewithufos community, we provide comprehensive trading courses and trading apps. Our Futures Course covers all Futures Markets including this product: www.tradewithufos.com/futures-in-action
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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Virtual Currency Disclosure: View CFTC advisories as they contain more information on the risks associated with trading virtual currencies.
Testimonial Disclosure: Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
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