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Good luck frugal.rock, hope the trades work out for you.I have stopped looking at both local "OOO" and US "USO". I will only look at Oil spot price to see what the real market is doing rather than the ETF's.Once the trust is lost and I figured out how these instruments are made up with futures contracts with contango issues, it made it clear to me that I am better off trading the local Oil stocks to get exposure to Oil price.
Good luck frugal.rock, hope the trades work out for you.
I have stopped looking at both local "OOO" and US "USO". I will only look at Oil spot price to see what the real market is doing rather than the ETF's.
Once the trust is lost and I figured out how these instruments are made up with futures contracts with contango issues, it made it clear to me that I am better off trading the local Oil stocks to get exposure to Oil price.
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