Market situation with #CL futures

6 May, 2020

Offering our customers CFD trading on the front-month WTI (Light Sweet Crude Oil) futures contract that has a ticker symbol #CL, we constantly monitor the market situation. In recent weeks, prices have been extremely volatile. Thus, futures contracts for May delivery turned negative for the first time in history.
Our company has already introduced any possible measures to save client's accounts from disproportionate and unexpected losses caused by the plunge of the traded asset to almost zero, or even into negative territory. We are ready to take action again.

In case of a crash in prices of the current oil futures contract (#CL), we are going to take the following steps:

  • If the price drops below $3, "close only" mode will be applied. Our company also reserves the right to increase a Stop Out level for open #CL positions to 100%.
  • If the price plunges below $1, all trading positions will be closed.
  • If the price rebounds and consolidates above $3 for more than 12 consecutive hours, the possibility to open trades will be restored again.

Similar requirements can be applied to #QM oil futures contracts.

InstaForex warns you that it is extremely important to carefully choose trading and investment instruments amid the ongoing global economic crisis.


Source  
Sport Style: Porsche Cayman from InstaForex22 Apr, 2013  

InstaForex announces a start of a new super campaign Sport Style: Porsche Cayman from InstaForex, the main prize is an elite supercar of premium class Porsche Cayman...

Top 10 Forex Brokers 2020

200+ Forex Brokers
Top 10 Profitable Forex Advisors
The Most Profitable Forex Advisors 2020

Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. We present the Top 10 Forex Advisors including Equilibrium, Excalibur, Night Owl...

Top 10 Forex Advisors 2020

All Forex Advisors
TOP 10 Best Forex Trading Platforms
Best Forex Platforms 2020

A variety of web terminals and specialized software makes a choice of a trading platform a difficult one for a novice trader. What should be this vital decision based on? To begin with, it is necessary to highlight the main criteria that high-quality software must meet for making money on financial markets...

Top 10 Forex Platforms 2020

All Forex Platforms