Key stats
About United States 12 Month Oil
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Inception date
Dec 6, 2007
Structure
Commodities Pool
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
United States Commodity Funds LLC
Distributor
ALPS Distributors, Inc.
USL offers an alternative method of exposure to oil in a viable vehicle. The fund brings an alternative futures strategy to the table that's had some success. In an effort to beat contango the decay of exposure to oil when the futures curve is up sloping the fund takes a position in 12 different futures contracts, one for each upcoming month. This will mean it will have less sensitivity to short-term moves in spot oil. Investors should consider using limit orders to manage spreads. USLs legal structure isnt unusual in the commodities space, but it does change the tax structure and result in a K-1 at tax time.
Classification
What's in the fund
Exposure type
Cash
Futures
Bonds, Cash & Other100.00%
Cash52.45%
Futures47.55%
Top 10 holdings
12 month oil=> 12 month crude oil breaking out on weekly chart <=
The mainstream media head line news will flood us once the price is close to its targets... late, like usual.
#CrudeOil #Inflation #Commodities #Gold #Silver
crude oilAnother VERY BULLISH setup for #CrudeOil ...
early breakout line
continuation breakout line
LONG, BULLISHUSL could hit $18.50 to fill in the gap. Be careful on news regarding OPEC.
Support might be tapped a few times and then price should go up from here. Move stop losses in profit and keep a tight stop loss.
USL Long, option trade with big stop bufferUSL Long, option trade with big stop buffer
Try to accumulate oil long position at bottom in next two months.
Stock Entry: Below 10.4
Stop: 9.6 (down to new low)
Target1: 14.2; risk/reward=1:3
Target2: 19; risk/reward=1:18
In option trade, I bought Oct Call Butterfly C11/16/21 (Delta 0.15), li
#USL #short #stockUSL has formed a small double top on the daily.Indicators pointing down. I see two possible targets, both with decent RRR.
See all ideas
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.