Technical analysis

Crude oil futures are 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 future trading, as well as the world's largest-volume futures contract trading on a physical commodity. Additional risk management and trading opportunities are offered through options on the crude oil future contract; crack spread options on the pricing differential of heating oil future contracts vs. crude oil future contracts or unleaded gasoline futures contracts vs. crude oil futures. The NYMEX crude oil future contract may be the most important energy future contract in the world.



Crude Oil Futures and Options Quick Facts
  • 1000 barrel contract
  • one cent move equals $10
  • trades every month
Click here and learn about other commodity markets.

The crude oil futures contract trades in units of 1,000 barrels, and the delivery point is Cushing, Oklahoma, which is also accessible to the international spot markets via pipelines. The crude oil future contract provides for delivery of several grades of domestic and internationally traded foreign crude oils, and serves the diverse needs of the physical crude oil market.
Contact us at contact@tkfutures.com   for specific crude oil future and crude oil option data or click here now open an account to open your account today.
During the September 11 terrorist attacks the NYMEX was destroyed but within days the crude oil futures andcrude oil options markets were trading again. This is a testament to the strength and viability of the energy future markets and the commodity exchanges in the United States of America.

Light, sweet crude oils are preferred by refiners because of their low sulfur content and relatively high yields of high-value products such as gasoline, diesel fuel, heating oil, and jet fuel. The NYMEX Light sweet crude oil future contract is considered by many the premiere oil future contract. Learn More >>

The e-miNYsm crude oil future contract, designed for investment portfolios, is the equivalent of 500 barrels of crude, 50% of the size of a standard crude oil future contract.

The Brent blend crude oil futures contract is based on a light, sweet North Sea crude oil that serves as a benchmark grade and widely trades as a differential to the NYMEX Division's bellwether light, sweet crude oil futures contract. Most of the crude oil is refined in Northwest Europe, but significant volumes move to the U.S. Gulf and East Coasts. Complementing the Brent crude oil future contract are an options contract and an options contract on the Brent/West Texas Intermediate-WTI crude oil futures spread.


  MACD 乃是取用移動平均線具有指出行情之方向性,短期間不易變更,同時又透過加權平均之方式,及短天期(EMA12)及長天期(EMA26)兩者間之乖離程度,以期能更迅速察覺行情之轉向與變化,由於其指標計算過程之複雜,故其可能衍生出之型態與關係較之一般技術指標更為完備及全面,其基本買賣原則如下:
(一) 當 Dif 向上交叉 MACD 值(即 DEM 值)時則買進,向下交叉則賣出:
由於 MACD 值為僅為 Dif 加權後與前日 DEM 值合計之結果,故其敏感度明顯較 Dif 值為遲鈍,是故當 Dif 向上交叉 DEM 值即表示行情已有漸趨向上之慣性,意味多頭可能展開。
(二) 當 Dif 向上交叉零軸時則買進,向下交叉則賣出:
當 Dif 由負翻正時,意指短天期均線(EMA12)向上黃金交叉長天期均線
(EMA26),根據均線基本法則,此時應買進作多。
(三) 當 Dif 或 MACD 值出現牛背離時多單平倉,熊背離時空單平倉:
牛背離意指行情之價格走勢創下新高,然技術指標值並未同步創下新高,此種現象之成因往往來自於行情經歷相當時間之上漲後,漲勢之力道已然放盡,導致向上穿越之力道不足,因而無法到達指標續創新高之漲幅滿足點,但就另一角度而言,亦可能是因為指標參數之選取天期過長,導致指標對於行情漲幅滿足點之設定過高,是故易容易出現背離,就操作而言,背離往往意味著原始趨勢的修正,不必然代表趨勢的反轉,是故操作上以反向沖銷原始部位為主,而不再反向建立新部位。
(四) 當 D-F 柱狀體為負值時,縮腳時買進,伸長時賣出;當 D-F 柱狀體為
正值時,伸長時買進,縮腳時賣出:
  就同一組 MACD 指標各指標值而言,D-F 對於行情之研判最為敏銳,主因來自於其為移動平均Æ加權成為 EMAÆ透過 EMA 交叉Æ計算 Dif 值並再平滑化成為 DEM 值Æ再取 Dif 及 DEM 值之乖離=D-F 柱狀體,是故經歷多次之平滑加術選DMACD(Moving Average Convergence-Divergence)選股法
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