Key stats
About MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN
Expense ratio
0.95%
Home page
Inception date
Nov 8, 2021
ISIN
US0636795835
OILU is an aggressive and bullish one-day bet on a concentrated portfolio of US companies in the oil and gas exploration and production industry. The index has a slightly broader scope of the industry as it covers three segments: (i) integrated oil and gas exploration and production, (ii) upstream energy, and (iii) downstream and midstream energy. The index does not include MLPs. It selects the top 25 stocks by market-cap and weights the resulting portfolio by average daily value traded. The following weights are assigned per bucket: 30% for oil and gas exploration and production, 50% for upstream, and 20% for downstream and midstream. As a geared product, OILU is only designed as a short-term trading tool. Long-term returns could materially differ from those of the index due to daily compounding. Additionally, since the fund uses an ETN structure, investors assume the credit risk of the issuer.
OILU an ETF for OIL - Leveraged and LongOILU is a risky high volatility ETF on oil exploration and production. Where there are risk
and volatility there can also be plentiful profits. On the 4H chart,OILU can be seen breaking
up through long-term anchored VWAP bands in a trend that began in mid-May. Price is
now approaching the mean
#OILU $OILU same chart with looking mighty great return as always momentum in play , but this rise better then usual
OILU LONG SET UP OILU ULTRAPRO 3X CRUDE OIL ETF
ENTRY 1 1.20
ENTRY 2 1.00
SL 0.13
TP.1 $8.00
TP.2 18.20
TP.3 28.20
TP.4 36.00
TP.5 48.00
act.webull.com
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OILU Oversold Bounce 25% OpptyOILU giving us a buy signal on the daily timeframe for a bounce with a potential 25% opportunity based on previous price structure.
$OILU #OILU hitting some Good volume noted , as it has been in lower base for sometime now ..no position yet as of today , but will jump on it at first green candle
OILU and general crude run-upI like this ETF for 4 Reasons
1) The coldest months of the year are about to begin and the demand for heating should be strong until at least February
2) At $21 it still has a lot of wiggle room compared to its 52 week high of $36
3) OPEC and Russia have announced production cuts
4) Positive trade d
Short-term Trade: OILU / USOIL Extremely Favorable Risk-RewardI don’t believe OILU will stay at the $14 level for very long and conservatively speaking I’d say a 50% swing higher is likely.
Depending on your strategy, you could cap your loss at 2% or whatever your risk tolerance is and then go in full on a breakout. Personally, I’d buy half or a third now an
Short-Term OILU TradeEntry: 17.50 pullback & 19.15 breakout
Stop Loss: 16.90
Exit: ~21.85. ~24.60 if you think USOIL will hit $59
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