Crude Oil Prices Showing Strength
Crude Oil Futures have seen continued strength to the upside after seeing a choppy trading environment for several weeks. Crude Oil has several indicators that can sway the prices to the upside or downside very quickly based on global supply and economic uncertainty, and traders and seeing all of this in action starting off the new year. Tensions in the Middle East may give traders concerns about the future supply of Crude, and with the uncertainty of geopolitics moving forward in the United States after the election there are many factors to consider when trading Crude Oil. Today, prices are higher once again on the March contract and are testing highs from July of 2024.
Over the years as the popularity of Crude Oil Futures has grown, there were different sized contracts that enable traders to choose their own sizing options with the mini and micro contracts. These contracts range from the full sized contract at 1,000 barrels, the mini contract at 500 barrels, and the micro contract at 100 barrels giving traders the ability to choose a smaller or larger size based on their own risk tolerance.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Over the years as the popularity of Crude Oil Futures has grown, there were different sized contracts that enable traders to choose their own sizing options with the mini and micro contracts. These contracts range from the full sized contract at 1,000 barrels, the mini contract at 500 barrels, and the micro contract at 100 barrels giving traders the ability to choose a smaller or larger size based on their own risk tolerance.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Further details of CME Group's regulatory status and full disclaimer of liability in accordance with applicable law are available here: cmegroup.com/disclaimer.html
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Further details of CME Group's regulatory status and full disclaimer of liability in accordance with applicable law are available here: cmegroup.com/disclaimer.html
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.