OOO
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2.81% $19.36 betashares crude oil index etf-currency hedged (synthetic)

The pandemic will not be over in a couple months and oil will...

  1. jimk3758
    23,128 Posts.
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    22/04/20
    17:20
    Post #: 44194690
    The pandemic will not be over in a couple months and oil will stay low for quite awhile. That was no problem because I planed like many to just average down. Problem is the contago will kill you holding OOO so you can't average down. I now fully comprehend contango after paying my $10K school of hard knocks tuition cost. Maybe OOO is good for day traders but not longs.
    OOO Price at posting: $19.36 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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