US Crude Oil
US 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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US Crude Oil details
US Crude Oil – also known as West Texas Intermediate (WTI) – is a major oil benchmark that represents a light sweet oil drilled in the United States. Its price often moves in line with UK Crude Oil, also known as Brent Crude.
WTI is an easily refined oil, making it attractive among investors and traders. Its price forms the basis of futures contracts traded on the New York Mercantile Exchange (NYMEX).
US Crude's price is often quoted alongside that of UK Crude. The difference between the two is referred to as the WTI-Brent spread.
| Margin from | 20.0 % |
| 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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