UK Crude Oil
UK Crude Oil market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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UK Crude Oil details
UK Crude Oil is FOREX.com’s market based on the live price of Brent Crude, the world’s leading oil benchmark alongside WTI. It enables you to take your position on Brent Crude’s price movements, without needing an account with a futures broker.
Brent Crude is oil that is drilled from North Sea fields. Like WTI, it is a light, sweet crude which means it is easily refinable and therefore sought after. Brent Crude makes up over half of the oil traded globally, and its futures are traded on the InterContinental Exchange (ICE) in London.
| Margin from | 20.0 % |
| Trading hours | 24 hours a day, 7 days a week |
| Min trade size | 1 |
| Long | 0 |
| Short | 0 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 50 Points |
Spreads
| Spreads from | 1.5 Points |
Margins
| 0 + | 20.0 % |
Dealing
| Spreads from | 1.5 Points |
Margins
| 0 + | 20.0 % |
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