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Oil. what is the best product to position in?
- Thread starter barnetda
- Start date
The oil futures are in contango, and USO is suffering from it. I am in DBC, which has been doing well by rolling forward to the cheapest contract, and has 35% oil, 15% heating oil, and some agriculture and metals.
Check out this web site and the "Hard Assets University"
www.hardassetsinvestor.com
Check out this web site and the "Hard Assets University"
www.hardassetsinvestor.com
Quote from promagma:
The oil futures are in contango, and USO is suffering from it. I am in DBC, which has been doing well by rolling forward to the cheapest contract, and has 35% oil, 15% heating oil, and some agriculture and metals.
Check out this web site and the "Hard Assets University"
www.hardassetsinvestor.com
Oil futures are NOT in contango, they are currently in backwardation, the front months are more expensive than the back months.
Just buy the futures, don't screw around with ETFs and their fees. Buy the 2nd to front month and roll the contract every 2 months, its not that hard to do.
Quote from detective:
Oil futures are NOT in contango, they are currently in backwardation, the front months are more expensive than the back months.
Just buy the futures, don't screw around with ETFs and their fees. Buy the 2nd to front month and roll the contract every 2 months, its not that hard to do.
I use Scottrade and Think or Swim. Neither offer the facility to trade oil futures.