Your capital is at risk
March 24, 2016
The crude oil price has tested $42 per barrel and is falling down now. An example of a short trade on oil.
Even with a small account you can speculate on the price of crude oil. As you can see in the image below, we opened a short position around $41 and have made a profit of almost €100.
The trade was opened on the Plus500 webplatform, apply for a free demo here.
The initial stoploss has been lowered to $40.50 which is below our entry level. Let's see if the oil price can continue to weaken to our target of $36. We will lower our stop gradually should the market continue to fall.
CFDs are a leveraged product. Make sure you understand all the risks involved.
