Earn up to 40% on oil volatility
August 17 at 14:30 GMT the USA Energy Information Administration will publish crude oil reserves in the country. These data are highly important for investors in oil and determine the following price movements. Most commodity market traders are looking forward to the USA oil reserves reports. You have an opportunity to participate in strong movements of the price and earn up to 40% from the initial deposit.
|
Time (GMT) |
Instrument |
Event |
Forecast |
Previous |
|
14:30 |
LCO (Brent oil) |
USA crude oil reserves |
-0,333М |
1,055М |
In case published data are close to expectations, oil futures may continue growing. At the moment Brent oil (LCO ticker) is traded around $48.30; the price may potentially reach $50.20.
Calculations:
- To open a 1 lot Brent (LCO) position you require $241.5: 100 (barrels contract volume) x 1 lot / 20 (leverage*) = $241.5.
- If the above-mentioned movement occurs, one lot will bring the $90 profit: 0.01 (quoting accuracy) x 100 (contract volume) x 90 (pips growth potential) = $90.
Thus, a 5 lot position may bring you $450 with $1 207.5 invested funds, which makes 37.3% a day!
*For deposits above $50 000. Margin Requirements