Normal
Well, I am not saying it doesn't have problems like contango which slowly eats away at it. But in the past I remember it behaved somewhat like other ETFs that track the underlying. So "OOO" will be up when POO is up and it'll be down when POO is down. That relationship is broken at the moment, so that's the problem.Yes, looking forward to it to see if USO gets some attention and goes higher afterwards.Then whether that gets reflected in some way on the local market with "OOO" tomorrow...
Well, I am not saying it doesn't have problems like contango which slowly eats away at it. But in the past I remember it behaved somewhat like other ETFs that track the underlying. So "OOO" will be up when POO is up and it'll be down when POO is down. That relationship is broken at the moment, so that's the problem.
Yes, looking forward to it to see if USO gets some attention and goes higher afterwards.
Then whether that gets reflected in some way on the local market with "OOO" tomorrow...
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