WTI CAD | WTI Crude vs CAD Trading | WTI Crude vs Canadian Dollar | IFCM Hong Kong
IFC Markets Online CFD Broker

WTI Crude vs Canadian Dollar - WTI CAD Trading

Buy &OIL/CAD with Market Exchange Rate

Type:

PCI

Instrument : &OIL/CAD

Try Your Trading

0
Leverage 1:100
Margin 1000
Calculation base
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.

Start trading with IFC Markets

Created by professionals for professionals
Use these instruments for analysis and trading
Available exclusively in IFC Markets

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
Floating Spread, pip
Order distance, pip
Swap (long/short) in pips on Vol
Available
volumes
The value of 1 pip in USD for the Vol

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
Thursday00:00 — 23:0000:00 — 23:00
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.

Close support
Call to Skype Call to WhatsApp Call to telegram Call Back Call to messenger