HOD (oil falling price)hey everyone, I'm posting first time for the Canadian stock etf - ""this is inversely proportional to WTI/USoil"".... When US OIL price falls, the HOD price increase
for past few week, the price show a bullish move from 8.39 to 13.84 approx... this coming week the price is pulling back to support
Key stats
About BETAPRO CRDE OIL INV LEV DLY BR ETF SHS NEW (POST REV SPLIT)
Home page
Inception date
Jan 15, 2008
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Global X Investments Canada, Inc.
The fund inverse leveraged fund, like all geared products, is not a buy-and-hold investment, and should not be expected to provide index leverage return greater than a one-day period. The fund provides 2x inverse the return of a futures-based light sweet crude oil index on a daily basis. Daily compounding of returns can lead to the fund's returns varying significantly from the -2x exposure to the index over longer holding periods. Index returns reflect both the price changes on its front month futures contracts as well as any gain or loss from rolling those futures contracts. The fund manager could change the underlying futures contract exposure and rolling methodology in response to changing market conditions at its discretion.
Classification
What's in the fund
Exposure type
Cash
Miscellaneous
Bonds, Cash & Other100.00%
Cash88.16%
Miscellaneous11.84%
Top 10 holdings
HOD: Historical movement to be expectedWe can see an inverse proportinality of interest rate vs HOD, and we are witnessing a historically low level of the HOD price now.
In the past 8 years, we have witnessed noticeable MACD signs followed by a huge upward movement up to 800% gain.
We should closely look at the interest rate trend and M
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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.