Support level is a term that defines the price level of the asset that the asset doesn’t fall lower than. When this level is reached by the asset traders need to BUY it.
Sour crude oil is the oil which contains high amount of sulfur. Its main difference from the sweet crude oil is the fact that it has to be worked through before it can be used. Therefore, products that come from the sour crude oil are going to be more expensive than the products coming from sweet crude oil.
Sweet crude oil is type of a commodity. Its main characteristic and the source of its name is a low sulfur content per barrel of the oil – less than 0.42 percent. Everything that is higher is called sour crude oil.
Spot trade is an instant purchase of any of the financial instruments – currencies, commodities or shares. The majority of the spot contracts include a physical delivery of the instrument to the trader who purchased them. The difference in value of the spot and futures of the instrument is counted via the time value of the payment which is based on interest rates and time maturity.
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