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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