ETF Update: Buy OOO For A Bounce In Crude Oil

Posted on | by Todd | Leave a Comment on ETF Update: Buy OOO For A Bounce In Crude Oil

Over the last 4 weeks, the price of WTI Crude Oil has dropped over 20% from $52.00 to just under $42.00.

Increased shale production, more supply from Non-Opec nations and the unwinding of large speculative long positions have all factored into the recent price slide.

However, from a technical perspective, we consider the price risks asymmetrically skewed to the upside from current levels. The likelihood of some sort of weather or politically-base supply disruption should also be taken into account.

For investors looking for a pure-play in a rebound in Crude Oil prices, we suggest looking at the BetaShare ETF with the symbol: OOO. 

Shares of OOO are currently trading at $12.20.

On June 8th, with WTI trading at $46.00 per barrel, shares of OOO traded as high as $14.30. We believe this is a reasonable trade dynamic for a a short-term rebound in the WTI Crude Oil price.

BetaShare ETF: OOO

 

Algo Buy Signal – Origin

Posted on | by Leon Hinde | Leave a Comment on Algo Buy Signal – Origin

Our Algo Engine has flagged a second buy signal within the uptrend on Origin that started back in January 2016.

The first “buy on the dip” signal occurred  in March 2017 at $6.25 and now a new Algo Engine buy signal has been triggered at $6.90.

WPL, OSH and ORG are all likely to find support and trade higher from the current price levels.

Chart – ORG

 

 

Chart Watch – Goldman Sachs

Posted on | by Leon Hinde | Leave a Comment on Chart Watch – Goldman Sachs

We’re watching the rebound in US financials as a leading indicator for momentum in the Australian banking shares.

The chart below of Goldman Sachs shows the minor bounce that’s recently taken place. However, it looks like selling pressure is now building and the short term momentum indicators have turned lower.

Unless, Goldman Sachs can trade back up through the $230 resistance, it looks like the rebound higher, could now be completed.

Chart – Goldman Sachs

 

QBE – $1billion Share Buy-Back

Posted on | by Leon Hinde | Leave a Comment on QBE – $1billion Share Buy-Back

On account of heightened claims activity in QBE’s Emerging Markets (EM) division, QBE has downgraded its FY17 guidance.

However, we remain optimistic regarding the QBE turn-around and feel the cycle is bottoming for QBE and the outlook is encouraging.

With the stock trading 10x forward earnings and 6% yield, along with a 3-year A$1bn buy back, which was announced in February, QBE is worth adding to your watchlist.

QBE is likely to commence their share buy-back program by late August 2017 and buying ahead of this time should be rewarded with higher prices into 2018.

Chart – QBE

 

 

Recent Signals – WOW & SOL

Posted on | by Leon Hinde | Leave a Comment on Recent Signals – WOW & SOL

Our Algo Engine triggered buy signals in both WOW and SOL; both opportunities are worth further consideration. Buying support is likely to increase at or near the current entry levels.

Reminder: We now have a new tutorial video in the help menu which explains the navigation of the watch-list feature, this includes reviewing the recent algo signals and customising your own watch-list.

If you need more help, please call our dealing/help desk on 1300 614 002

Chart – WOW
Chart – SOL