Essay About Crude Oil Futures And Professor Wufin 368Team

Followup Report for the Team Project
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Professor WuFin 368Team No.7 Team member: Yating Pang, Nan Zhen, Kunlun Tang, Lidan Bao             Followup report for the team project                                        -crude oil futures                                        In our project, we estimated that crude oil’s price will go up in next three month. So we decided to long crude oil futures.  Team Project Hypothetical trade:FuturesCrude oil WTIPositionLongNumber of contracts are taken20Maturity (month)Aug 2015Date of entering into PositionMarch 25Price of entering into Position51.51$Period that I plan to hold this position3 monthShort term resultAfter we finished the project, we follow the Aug 2015 crude oil futures price.  [pic 1]         Crude oil WTI Futures price( 3/1/2015-4/15/2015)From this chart, we can see crude oil futures price already went up a lot since March 25. The trend of crude oil futures price change was exactly like our forecast in the team project. ConclusionThe price of crude oil futures was already above our target price ($54.01/barrel ).