Close - Sell - Crude Oil ETF (OOO)
*** GENERAL AVICE ONLY***
Trade Date: 22/04/2024
Betashares Crude Oil Index ETF – Currency Hedged (Synthetic) (OOO) is an exchange traded fund seeking to provide investment results that correspond to the price and yield performance of the S&P GSCI Crude Oil Index (the Underlying Index), with a currency hedge against movements in the AUD/USD exchange rate. The responsible entity is BetaShares Capital Limited.
Recommendation
Close – Sell – OOO
Stop Loss: $6.10
Rationale:
Crude Oil has fallen back under $82 as the situation in the middle east has not escalated. Stop Loss hit on trade. Time to Close/Exit
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.