4. The following table provides information about futures on WTI at the NY Mercantile Exchange. Symbol CLH17 CU17 CLK17 CLM17 Date : 01/20/2017 WTI Crude Oil; Contract Size 1000 barrels Contract Name Last Change Open High Low Volume Crude Oil WTI (Mar '17) 53.02 -0.15 53.15 53.17 52.91 7,598 Crude Oil WTI (Apr '17) 53.59 -0.16 53.68 53.73 53.48 1,736 Crude Oil WTI (May '17) 54.06 -0.19 54.21 54.22 53.98 1,350 Crude Oil WTI (Jun '17) | 54.48 -0.19 54.62 54.62 54.42 483 On January 2017, if you expects the price of May 2017, WTI oil to rise, what position you will take in the futures market? And on January 29th of you offsets your previous position, what profit or loss will you make (assume one contract)