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

I don't understand all the anger and resentment being expressed...

  1. joshii
    22 Posts.
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    21/04/20
    10:33
    Post #: 44160214
    I don't understand all the anger and resentment being expressed today. OOO is doing exactly what it is supposed to do. The June contract has fallen approx. 9.8% since the ASX closed yesterday, and OOO is currently down 9.6% based on a 20 min delayed quote. Contango has little to do with the last 2 days of trading. Note that volatility is moving the current prices quickly enough that these numbers won't be quite right after the time it takes to type this, but the point stands.
    OOO Price at posting: $19.36 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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