Given the recent unprecedented interest in trading WTI Crude Oil, Synergy Markets have released an in-depth analytical report to educate traders on the 5 key areas they should be aware of before they trade crude oil.
The key considerations the oil report talks about include:
In commenting on the release of the report, Head of Synergy Markets, Christian Dove said that the price of oil may fall significantly in the June futures expiry and advised clients to trade cautiously.
“I know many retail customers out there are desperate to benefit from what they see as huge opportunity to trade crude oil at these low prices. However, I advise – if you intend to trade oil, then please do so with great caution. I think we could easily see prices squeezed and more significant drops in to the next futures expiry – followed by a significant rally as demand re-ignites and as the current oversupply is exhausted and the inevitable lag for supply to be turned back on” said Mr Dove in a statement this morning.
Mr Dove further added, “To buy at these levels may risk being closed out on margin if prices drop a relatively small amount – so, if you have to, please trade cautiously and within sensible risk parameters”.
To get your free copy of the Synergy Crude Oil Report please .
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