Futures

A contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange. Some futures contracts may call for physical delivery of the asset, while others are settled in cash.

** Source from: www.investopedia.com

Wednesday, October 21, 2009

FCPO to bull today

FCPO should be bullish today as NYMEX crude oil rises to a new high residing above $80 per barrel.

My opinion: Go long and put stop loss at 2155

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