Profit @ commodity market

1 year 8 hours ago - 1 year 8 hours ago #6 by admin
OPEC meeting turned uneventful and most of the decisions seem to be as expected. In the run-up to the meeting Oil has risen significantly and it is seen that the futures are showing an anomaly. We expect the Oil prices to fall.

The rates are:
July series : 4,496
August series : 4,481

We expect that the anomaly will correct and you can buy August future and sell July future. For each pair you can expect a Rs. 15 profit as the prices converge presenting an opportunity for atleast 2% profit on the overall strategy for a period less than 1 month.

The risk of the strategy is the prices diverging which is highly unlikely.
The following user(s) said Thank You: Gautam Jain

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