WTI Crude vs Canadian Dollar - WTI CAD Trading

WTI Crude vs Canadian Dollar Investing

Type:

PCI

Instrument : &OIL/CAD

Status: Closed Trading
Change:
Prev. closing
Open price
Today, max.
Today, min.

WTI Crude vs CAD Description

The personal composite instrument «&OIL/CAD» reflects the price dynamics of a barrel of crude oil Brent against the Canadian dollar. The base part of the instrument is composed of 1 barrel of American crude oil of West Texas Intermediate brand, and the quoted part – 1 Canadian dollar. Oil is represented by a continuous CFD on WTI oil futures. The asset percentage content of the instrument is estimated on the basis of asset prices on the instrument creation date.

The trading instrument &OIL/CAD is used for the analysis and trade of oil quoted against one of the main commodity currencies – the Canadian dollar. Oil is very important for the economies of Asian countries.

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Structure

Parameters

Trading hours

Application field

Structure

PCI Components and their volume
Swipe table
&OIL/CADAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1OIL1.00000.06057.4600barrels
Quoted part1CAD1.0000.00000.8200CAD

Parameters

PCI main trading conditions
Swipe table
The volume to calculate Swap and 1 pip value
1000
The size of 1 pip
0.0001
Margin in USD for the volume and leverage of 1:100
633.40 USD
Creation date
2015-04-17
StandardBeginnerDemo
Fixed spread, pip 902902902
Floating Spread, pip 902902902
Order distance, pip ---
Swap (long/short) in pips on Vol -16.646 / -19.609-16.646 / -19.609-16.646 / -19.609
Available
volumes
>=152.18 1.52 – 1000.00 >=1.52
The value of 1 pip in USD for the Vol 000

Trading hours

PCI active trading hours
Week dayTrading hours (CET)Local trading hours
Monday 01:00 — 23:0001:00 — 23:00
Tuesday00:00 — 23:0000:00 — 23:00
Wednesday00:00 — 23:0000:00 — 23:00
Thursday
Friday00:00 — 22:0000:00 — 22:00

Application field

How can PCI be applied in trading?

The personal composite trading instrument &OIL/CAD is used for trade and dynamics analysis of WTI oil vs the Canadian dollar, as well as multi-year comparative analysis of oil quoted against various currencies. For example, by building a percentage chart in the NetTradeX terminal for three instruments &OIL/CAD, &WTI/JPY and OIL (Fig. 1), it is evident that in the last two years (2013-2014) Oil exhibited almost identical dynamics against all of the three currencies; whereas Oil vs USD recorded the biggest decline, the decline in Oil vs JPY was relatively smaller.

Brent vs CAD

Fig. 1

Traders, whose main assets and investments are denominated in Canadian dollars, will be comfortable trading this PCI.

Limit volumes (USD) for base and quoted parts = 100000.00 ; 100000.00.

To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.

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