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Friday, December 19, 2008

The next play - oil

Today's the day I recommend buying oil

Funds to consider
USO - represents oil price at 32.50 today
DXO - double long oil, price around 2.70
UCO - double long oil, - price around 13.50

Don't go all in, but 10-20% in not a bad play.
I'll post some cons and graphs of pro's this weekend.

1 comment:

  1. I think at these levels UCO is better than DXO because DXO has a US Treasury Bond component, so DXO is not as low as it should be versus the price of Crude. Plus, DXO is based on contracts that expire in January of 2009, so who knows if the rollover will make the price sporadic for a little.