Microsectors Oil and Gas Exp and Prod 3x Leveraged ETN (OILU)

Colas analyzed the time period from 1987 through 2019 and found that WTI crude prices ...typically double compared to the previous year prior to recessions. Colas argued this puts the key level to watch for WTI crude at $120 a barrel, a far cry from the roughly $75 it sat at on Friday. This much of a jump in oil would require a "protracted bout of military action," per Colas...

Yes sir, this one was well-timed. High oil prices may accelerate the jpy carry unwind too...

$INDO has also been performing well the past couple days...

Great way to trade these events. Glad to see you on my favorites
Gl

Prophetic post!
(Attached)

Iran's oil infrastructure will be gone soon. "Not a single drop of oil or gas will leave the Middle East if there is a war, Winter is near for Europe" - Senior official of Iraq's PMU

Israel Said Planning Massive Retaliation, Likely Targets Include Oil & Gas Rigs, Nuclear Sites.

Record Oil Bears Face Bullish Trifecta Of Mideast, China, & Liquidity...

I bought a few shares here. Seen this earlier:
Prediction: Israel 🇮🇱 is waiting for Islamic Republic's 🇮🇷 “retaliation” to give it an excuse to destroy Iran's nuclear facilities in response.

Israel's long range bombing of Yemen (2200km distance) proved that it can easily destroy Iran's facilities too (1600km distance). pic.twitter.com/1Uye0M35Kn— Dr. Eli David (@DrEliDavid) July 31, 2024

Going in!
Anyone who hasn’t figured out that the middle East conflicts will charge oil up hugely probably drives a golf cart.
Fools

Gl

Tasty price action today. $b$

Re: ProShares UltraPro 3x Crude Oil ETF (OILU)

Looks like they acted too soon in closing the fund. We could have done well last week.

True that BUT they did not want it to go to ZERO.

I have a new plan. I was going to buy NRGU at $2.00 $1.75 and $1.50 ( approximately down to $10 - $15 crude ), but our pres started talking and CRUDE ran up to $29ish. Plan foiled! I sold NRGU for a small profit.

I am now going to buy an inverse ETF ETN and ride it down to CRUDE $15.00ish. Then flip back to NRGO for the eventual ride back to $30 CRUDE.

Timeline: Sometime in June 2020.

JohnCM

Looks like they acted too soon in closing the fund. We could ha e done well last week.

I try to update these things as quickly as I can on the discussion board.

ETF ETN 1X 2X 3X

Thanks. I didn't see notice that they were closing, otherwise I would have sold.

The fund is liquidated and every share holder receives their percentage of the total balance remaining.

As an ETF loses assets, the fund will lose investors, increasing the cost of operating per investor. ... In the event a firm shuts down an ETF, investors have one of two choices: sell your position before the final trading date, or wait for the fund to close and the check to come in.

They closed the fund? Does that mean we end up with nothing?

No guesses. OK.

We all can speculate where the price of oil is going. GOOD bet it is still going to drop BUT that does not mean it will for sure. I, like others can easily just WAIT and see before JUMPING IN
AIMHO

What say you?

I am going with $17.00 within 2 weeks.

You and a few million other people

I am trying to get a feel for the bottom.

Thanks for the info. Enjoy your weekend.

FUND CLOSING

ETF ETN 1X 2X 3X discussion board

Do you think there are any crazies out there who are thinking of catching CRUDE near the low ( 20, 15, 10? ) and riding the next move higher?

Home > Boards > Other Markets > ETFs > NRGU Microsectors 3X BULL U.S. Big Oil ETN

All information is displayed on the ETF ETN 1X 2X 3X discussion board.

Nice day today. Bullish finish. Hope to see it continue tomorrow.

Thanks for the info, best to you!

Stay away from all ProShares ETFs! They are going bankrupt

Agree with you. No reason for it to trade this way. Unreal.

Dumbest 3x ETF ever. Out at .39

Wondering the same thing, I want to add some shares, but I want it to reflect the oil price.

Why OILU down when WTI up?????

I understand they are closing this ETF but should they not still attempt 3X gains or losses. IT seems only losses last few days despite oil being green. And losses are massive. This is completely crooked in their (ProShares) favor. They should be investigated

No idea, I pulled the trigger and just bought though.

I been trading ETFs for many months. Can someone explain why OILU is down 22% when oil is only down 1%?

* * $OILU Video Chart 03-20-2020 * *

Link to Video - click here to watch the technical chart video

Sold this morning because "CURSE OF CLAY" GLTA

SEEKING ALPHA! U.S. MAY INTERVENE IN SAUDI-RUSSIA OIL STANDOFF. WSJ.

* * $OILU Video Chart 03-19-2020 * *

Link to Video - click here to watch the technical chart video

Finally an day. Nice to see. Best to all here.

That is good advice. Trade quickly. JUNG paid off in a couple days. CRUDE is tricky, but I just initiated USLV.

I have never studies put, calls, options.

Yup 100%, do you think he will do that? Was going to buy here but glad I stayed away

To stabilize the price of oil, prevent us energy companies bankruptcies and maintain US energy independence all president trump needs to do is place a tariff equivalent to $55 per barrel on all OPEC oil. To make it simple any imported oil.

I am gonna stay away from these ETF's. So easy to get burned and there is so many other ways to make money in a bear market.
Options have been pricey but lucrative.

I didn't know at the time that it was closing . That's why I asked .

Thanks >> M

Updated fund prospectus sent to me from my broker.
It was sent directly to any shareholder

From what I see that would leave only one ETF ETN leverage 3X BULL fund
UWT VelocityShares ETN

How did you find out??

They are closing this fund in 10 days.

Why would you buy this. Its going to stop trading.
It will dive to .50 or lower in the next few days

https://www.etf.com/OILU

"The fund is closing. The last day of trading is March 27, 2020." Like most geared products, OILU is intended as a trading tool, not a buy-and-hold investment. The fund provides 3x exposure to its index for a one-day period. The daily reset function means investors holding OILU for longer periods are exposed to the effects of compounding, and could see returns that vary greatly from 3x exposure. OILU’s Bloomberg index tracks WTI crude contracts that are rolled every other month, striking a balance between spot-price sensitivity, turnover, and contango effects.As a commodity pool, OILU will issue a K-1 form at tax time. Taxable investors will pay a blended rate (60% LT/40% ST) on capital gains, realized or not. OILU provides the same exposure as sibling WTIU, which is organized as an ETN. OILD is OILU’s 3x-inverse counterpart.

Do you happen to have a link for that info ?

Just tried to buy w / Fidelity . NO GO .

$OILU. They are closing this fund in 10 days. What a joke. Worse then a penny stock.
Should be unlawfawful

I am a crude BULL with barrels under $30.00

ETF redemption = crazy bullish gains?