Howdy guys,
A bit of a noob to the oil markets here, but I did buy some crude oil west texas - cash at mid/high $7 mark
but also shorted west texas crude - june 2020 around mid $16 mark...the way I saw it this it was kind of
an arbitrage...I didnt throw much at this trade just thought I saw an opportunity...luckily I bought lots
more than I sold
anyhow as of today I am down about a grand on this deal...because the wti june is now mid $27 mark
but the cash has only increased to high $9 mark..
My question is why is WTI - cash sitting at $9ish now when shop WTI spot is looking like its mid to high $20 mark
I now know what I sold....but what did I actually buy
this is with CMC CFD's
cheers grant
- Forums
- ASX - Short Term Trading
- Spot Oil
Howdy guys,A bit of a noob to the oil markets here, but I did...
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online