Will Tullow Oil turn, or will it continue to rise to Oct ’18 highs of 273p?

• Shares +28.9% since late January.
• Now trading 239p (at the time of writing).
• Will the positive momentum continue towards 273p Oct ’18 highs?
• Shares -1.24% from 2019 highs; +40% from 2019 lows; +33.4% year-to-date.
• 21 Mar: Oil & Gas sector gains +1% today thanks to weaker USD
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Tullow Oil – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Tullow Oil using a CFD, at the current price of 239p. To do this, you need £2,000.

Let’s assume the Tullow Oil trend continues to Oct ’18 highs of 273p (+14.2%). Your profit would be £1420, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Tullow Oil falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.