TradingView Adds Murban Crude Oil and Canola Futures Data
TradingView has expanded its futures data offerings by adding Murban Crude oil and Canola futures. This addition allows users to access crucial market data directly on their TradingView charts.
About Murban Crude Oil Futures
Murban Crude oil futures are physically delivered at Fujairah, UAE. The UAE uses these contracts to establish a regional benchmark that reflects changes in global oil flows. Murban contracts provide exposure beyond traditional WTI and Brent crude. Murban futures offer additional value to investors by diversifying their oil market exposure.
About Canola Futures
Canola is becoming increasingly significant due to rising biofuel demand globally. This trend makes canola cultivation more attractive to farmers and relevant for traders. Canola produces oil, a key base for biofuel, and meal, commonly used as animal feed. ICE Canola futures contracts serve as the world’s benchmark for canola trading.
How to Access These Contracts on TradingView
To access Murban Crude oil and Canola futures data on TradingView:
- Open the TradingView Platform
- Log in or sign up for an account on TradingView.
- Click on the search bar at the top and enter the relevant ticker symbol.
- For Murban Crude oil futures, type “ICEAD!”.
- For Canola futures, type “ICEUS!”.
- Select the desired ticker from the search results to display the futures data on your chart.
Effects in Traders
This addition will have these benefits for traders:
Expanded Trading Options
Traders and investors can now access Murban Crude oil and Canola futures directly on TradingView. It diversifies portfolios with new commodity exposure.
Enhanced Market Analysis
With direct data feeds from ICE, traders can analyze price trends, settlement prices, and Open Interest. It facilitates more informed trading strategies.
Diversification Opportunities
Investors who focus on WTI and Brent can now include Murban Crude for broader market insights. It reduces risk and adds regional focus to their strategies.
Biofuel Market Insights
Canola futures provide critical data for those interested in the growing biofuel market. It allows traders to gauge global demand shifts and price trends.
Strategic Trading Features
TradingView offers advanced analysis tools, such as continuous contract back-adjustment and price comparisons. It aids traders in precise market entry and exit points.
Simplified Market Navigation
With all relevant futures data in one platform, traders can streamline their analysis. It reduces the need to switch between different data sources.
Summing Up
TradingView’s addition of Murban Crude oil and Canola futures provides new opportunities for market analysis and portfolio diversification. The platform’s tools make it easier to access and interpret these futures.
Register your company now and get featured on our homepage!
