Usdoil Hello dear trader or investor today we share usoil
Chart according to this chart usoil make good fall so what’s you think about it
Key stats
About ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037
Home page
Inception date
Apr 25, 2017
Structure
Exchange-Traded Note
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
Credit Suisse Securities (USA) LLC
USOI adds a twist to the crude oil segment by extracting income from oil futures exposure. The ETN provides the return of USCF`s popular front-month oil ETF, USO, coupled with a notional short position in USO calls expiring the next month with strike prices 6% out of the money. The strategy adds yield and lowers volatility compared to owning USO outright, but at the cost of upside participation. Therefore, USOI is likely to perform very differently from crude oil futures. USOI aims to distribute yield monthly, typical of an ETN. Prior to May 31, 2024 the Issuer and counterparty credit risk of this ETN was Credit Suisse AG.
Classification
Loose Supports Sink ShipsNASDAQ:USOI
Level 1 (of 3) Hit. M Formation confirmed. We are headed down this week unless price breaks $5.31.
USOI - Are we at the top?NASDAQ:USOI
USOI Looks to be ready to form an M formation signifying a top. If it breaks $5.42 expect more Bullishness. However, if price doesn't break, expect a period of downward price action.
USOI dividend-adjusted return vs. USOUSOI seems to provide good downside protection to exposure to USO, while participating in much of the upside gains in oil prices alongside USO. Includes chandelier exit indicator in the chart.
Can anyone see this playing out? Lot of catalysts in the market driving a temporary reversal in renewable energy markets, perhaps in the direction of safer undervalued markets. This trade has a narrative behind it, and potential technical price points to aim for in the next 2-4 years that could shape up to be a fantastic comeback f
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.