Crude Oil ETF
BetaShares Crude Oil Index ETF-Currency Hedged is rated a buy with a stop loss at $4.94
Crude Oil ETF
BetaShares Crude Oil Index ETF-Currency Hedged is rated a buy at $4.97
Oil ETF
19/6 update: Bullish momentum continues.
BetaShares Crude Oil Index ETF-Currency Hedged is likely to find buying support at $5.50.
Oil ETF
BetaShares Crude Oil Index ETF-Currency Hedged is likely to find buying support at $5.50.
Crude Oil ETF
BetaShares Crude Oil Index ETF-Currency Hedged is forming a pivot low.
Crude Oil ETF
Crude Oil ETF
BetaShares Crude Oil Index ETF-Currency Hedged
Oil prices rose as tankers shun the Red Sea on the back of heightened attacks by Iran-backed Houthi militants which have disrupted international shipping routes.
Crude Oil ETF
US Sanctions On Iran Tighten Supply
Oil prices continue to rise as U.S. sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production.
Recent signals in OSH and STO continue to push higher. Also, the OOO ETF, (Oil ETF), is now up almost 20% from the recent Algo Engine buy signal.
Oil ETF OOO
ETF Update: OOO Is Tracking Crude Oil Higher
Prices of West Texas Intermediate (WTI) Crude Oil moved higher in New York trade, extending the recent rebound to a sixth straight session after a decline in US crude production eased concerns about deepening oversupply.
WTI futures settled up 19 cents at $44.93 per barrel after hitting a two-week high of $45.45 earlier in the day.
Supply disruptions in the Gulf of Mexico from Hurricane Cindy, as well as, increased demand for gasoline in front of the long July 4th weekend have also supported the move higher in Crude.
On June 23, we posted a report suggesting Crude Oil prices had become technically oversold and a reversion higher was likely. We are still looking for a extension of the move higher into the $46.50 area.
Investors looking to profit from higher Crude Oil prices can look to buy the BetaShare ETF with the symbol: OOO.
We started adding OOO to client portfolios in the $12.30 area.
We calculate that when WTI trades back to $46.50, the price of OOO will be near the $14.60 level, which is a reasonable area to take profits.
BetaShare ETF: OOO
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Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
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