US Oil Looking to Get Rekt at The PCZ of a Bearish Alt BatWe have a Bullish 3 Line Strike at the PCZ of a Bearish Alt-Bat on this Bullish ETF for US Crude Oil and are showing Bearish Divergence after taking out the Price-Action of more than 3 of the previous Bullish Days with one Bearish Day this signals to me that the major Bearish reversal is about to be
Key stats
About Invesco DB Oil Fund
Home page
Inception date
Jan 5, 2007
Structure
Commodities Pool
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
DBO is an ETC that gets access to WTI oil using a next generation futures strategy. DBO gets exposure to the price of oil using future contracts, and futures-based exposure is subject to negative roll yield or decay when the futures curve is upsloping. DBO optimizes exposure to the curve to combat contango by rolling into whichever contract month (within the next 13) looks most attractive by its rules, rather than rolling front-month contracts. Like many of its competitors, DBO is structured as a commodity pool, so it reports capital gains on a K-1 at a 60/40 blended rate. The fund and the index are rebalanced and reconstituted annually in November.
Classification
What's in the fund
Exposure type
Mutual fund
ETF
Bonds, Cash & Other100.00%
Mutual fund65.23%
ETF32.94%
Cash1.83%
Top 10 holdings
Hammer at DBOHello Investor,
After a big fall, the OIL ETF presents an excellent BUY opportunity. Yesterday, the DBO close's created a bullish hammer pattern.
The target is the close the GAP. The stop loss is right bellow the hammer's minimum.
Good trades,
Lucas Sampaio
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See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
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Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.