Earn more money on oil with Alfa-Forex!

Dec 6, 2016

To collect rent from oil you are not supposed to have your own rig in the backyard. All you have to do is to monitor crude oil inventories data. Reported by US Department of Energy, they cause strong black gold price movement every week. The chance to reap the rewards increases if inventories are published after headline-making events, as it actually happened this week.

Not so long ago OPEC applied important resolutions that resulted in commodity market strong volatility. This time any news may produce a powerful oil price momentum. Analysts believe that oil inventories will go down this week while oil price will grow as a consequence. The right approach will allow you to make profit over 254.54% on the report, issued by US Department of Energy, and it will take you just a couple of days.

Time, GMT

Ticker

Event

Forecast

Previous

15:30

LCO (the Brent oil)

USA crude oil inventories

-1.132М

-0.884М


In case the report meets expectations oil will acquire a bearish momentum. At the moment the Brent oil (the LCO ticker) is traded around $55 and the price may increase to $62. You have the opportunity to earn 254.54%!

Calculations:

  • To open a 1 lot Brent oil position (the LCO ticker) you require $275:
     $55 (the current price) x 100 barrels (standard contract size) x 1 lot / 20 (leverage)* = $275;
  • If the mentioned-above movement occurs, 1 lot will bring you $700:
     0.01 (quoting accuracy) x 100 (standard contract size) x 700 points (potential growth) = $700.

Thus, opening a 5 lot position, you may get $3 500 with $1 375 invested funds, which makes 254.54% during several days!

*For deposits below $50 000. Margin requirements

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read full risk disclosure.

Risk Warning: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read full full risk disclosure.

Risk Warning: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read full full risk disclosure.