Followup Report for the Team Project
Essay by zhennan10 • September 9, 2015 • Research Paper • 260 Words (2 Pages) • 1,036 Views
Professor Wu
Fin 368
Team 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:
Futures | Crude oil WTI |
Position | Long |
Number of contracts are taken | 20 |
Maturity (month) | Aug 2015 |
Date of entering into Position | March 25 |
Price of entering into Position | 51.51$ |
Period that I plan to hold this position | 3 month |
Short term result
After 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.
Conclusion
The price of crude oil futures was already above our target price ($54.01/barrel ).
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