DBO is a leveraged ETF for oil, even though it seems to be down in Asian trade, there seems to be strong accumulation in that ETF with distribution in the short ETF SCO.
So long DBO, I think it's a trade that's worth seriously considering. I doubt it lasts too long, but DBO can really move.
5 years ago
2 comments:
Hi Brandt,
DBO seems plain long oil, not leveraged. Assuming this oil long idea is short term based play, leveraged ETF UCO crosses mind as better option. How do you think and if possible will you check 3C on UCO too?
Same Great looking chart, almost identical
Post a Comment