NY Light Crude Futures Trading Defined and Explained
Crude oil is the world’s most actively traded commodity, and the NYMEX Division light, sweet crude oil futures contract is the world’s most liquid forum for crude oil trading, as well as the world’s largest-volume futures contract trading on a physical commodity. Because of its excellent liquidity and price transparency, the contract is used as a principal international pricing benchmark.
The contract trades in units of 1,000 barrels. The contract provides for the delivery of several grades of domestic and internationally traded foreign crudes and serves the physical market as well.
Crude Oil Futures Trading System
Ask any NY light Crude trader, producer or general investor what trading tools or types of financial analysis he is using and you’re probably going to hear a list of different technologies and methods. However, having the right tool for the job is critical. Trading software can be used to augment an existing approach by supplying an inter-market perspective. The key to a light crude trading system is its ability to forecast moving averages. One of the better NY light crude futures trading software products is VantagePoint trading software that will help “see” what is likely to happen in the crude market before other traders (using only single-market analysis) catch wind of it.
Crude Oil Futures Forecast with VantagePoint Software
Since 1991 VantagePoint Software has been applying Artificial Intelligence to forecast market trends with up to 87.4% accuracy. With more than 25,000 customers in 114 different countries, VantagePoint is the leading AI trading software for Futures.