The ICE West Texas Intermediate (WTI) Light Sweet Crude Oil Futures Contract offers participants the opportunity to trade one of the world’s most liquid oil commodities in an electronic marketplace. The contract not only brings the benefits of electronic trading a US light sweet crude marker, but also brings together the world’s most significant crude benchmarks on a single exchange: Brent, (Platts) Dubai, and WTI, as well as the emerging benchmarks Murban and Midland WTI AGC. This offers a reduction in collateral requirements through the offsetting of margins.
At Global Financial Engineering, Inc. we believe that each trade should have a name. Hence within our trading models, we have four(4) types of trades that we execute daily.
Global Micro-Trend Trades
Global Short-Term Trend Trades
Global Medium-Term Trend Trades
Global Long-Term Trend Trades.
The Global Micro-Trend Trades are executed by our Proprietary Global Algorithmic Trading Software(GATS) using Sub-Systems: GATS1,GATS5,GATS15, and GATS30.
The Global Short-Term Trend Trades are executed by our Proprietary Global Algorithmic Trading Software(GATS) using Sub-System: GATS60.
The Global Medium-Term Trend Trades are executed by our Proprietary Global Algorithmic Trading Software(GATS) using Sub-System: GATS240.
The Global Long-Term Trend Trades are executed by our Proprietary Global Algorithmic Trading Software(GATS) using Sub-Systems: GATS1440, GATS10080 and GATS43200.
Our Global Algorithmic Trading Software (GATS60) on January 14, 2023, indicates the following for WTI Futures
Gold Futures Long Term Trend (LTT): Bearish
Gold Futures Medium Term Trend (MTT): Bearish
Gold Futures Short Term Trend (STT): Bullish
Gold Futures Micro Trend (MT): Bullish
Our preference is to maintain a short term bullish bias on The ICE West Texas Intermediate (WTI) Light Sweet Crude Oil Futures and execute a Bullish Short Term trades.
Potential Trade Entry:
*Global Buy Entry Signal for WTI Futures: $80.35
*Global Trailing Stop Distance for WTI Futures: 80.35 – (5 x 2.7536)=$66.582
*Global Target Profit for WTI Futures: 80.35 + (3 x 5 x 2.7536) = $121.654
*Current Price for WTI Futures: 80.33
There is a substantial risk of loss in futures and Forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don’t trade with money you cannot afford to lose.
The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends, or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by Global Accountancy Institute, Inc. or Global Financial Engineering, Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives, or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.