![]() This means you can trade both long and short and potentially profit from rising and falling prices.Ģ. You can trade the United States Oil Fund ETF using CFDs ( contracts for difference). With geopolitical pressures on energy markets, many analysts have forecasted for the uptrend to stay intact for some time. From a technical analysis perspective, the next major target for buyers will be the horizontal resistance line around $106.00. This was in line with a surge higher in broader energy prices due to supply constraints and risk-off flows from the Russia-Ukraine conflict. While the price action stalled at the end of 2021, the beginning of 2022 saw the price surge higher. The price has had some significant periods of consolidation during the downtrend but it has since rallied higher from the lows. In the above long-term price chart of the United States Oil Fund ETF, it’s clear to see the long-term downtrend. ![]() Please note: Past performance is not a reliable indicator of future results. Source: Admirals MetaTrader 5, #USO, Weekly - Data range: from to, performed on at 1:30 pm GMT. In some cases, it could also be the subsequent month's futures contract. The fund aims to be within plus/minus 10% of the average daily percentage change in the benchmark oil futures contract which is the near month futures contract of West Texas Intermediate Oil (WTI). The aim of the fund is for the daily changes in percentage terms to reflect the daily changes in percentage terms of the light sweet crude oil spot price. The United States oil Fund is an exchange traded product whose shares trade on the New York Stock Exchange Arca. Let’s have a look at the top three to watch this year. There are Vanguard oil ETFs, iShares ETFs and many others. There are many different investment management companies that provide access to oil ETFs. Step 4: Use the one-click trading feature, or right-click and open a trading ticket to input your trading price levels.Step 3: Search for your oil ETF at the bottom of the Market Watch window and drag the symbol onto the chart.Step 2: Click on Trade on one of your live accounts to open the web platform.Step 1: Open an account with Admirals to access the Dashboard.This product allows you to trade gold both long and short meaning you can potentially profit from rising and falling gold bullion prices. Below is a step by step process on how to invest in oil ETFs in just 4 steps. With Admirals, you can invest in oil ETFs and oil stocks through the Invest.MT5 account. ![]() More detailed analysis and research of these ETFs can be found further down this article.
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