Crude OIL is the most favourite instrument for commodity trader cause of its volatility in intraday as well as in positional. Multi Commodity Exchange (MCX) allowed traders to trade in Crude OIL. One can trade in Crude OIL Mega and Crude Oil Mini. Lot size of Crude OIL is 100 ( 1 Points = Rs. 100) and lot size of Crude Mini is 10 ( 1 Points = Rs. 10). Some margin amount required to trade in this commodity which can be varies from Rs 30000 to Rs. 80000 as per its volaility. When volatility high, exchanges increased margin of Crude oil. (Time to time margin changed by exchange, so please check it once before taking any action). Recently, exchange started trading in Crude Options also, so trader can buy Crude Oil call and put options also. One can hedge their long or short position of crude by writing Crude options. One should have proper knowledge to do this.
12 May 2019 : In international market, Crude closed at 61.73 and in Indian Market, Crude oil closed at 4316. Since last one week crude is in tight range of 100 points approximately. In the upper side 4360-4370 is hurdle for Crude oil and 4200-4220 is support zone. Next week, above or below these level we can see next trend.