Oil hovered around $45 a barrel since we added it to our watch list of bullish commodities on December 29th. Today oil has increased approximately 10%. Bullish oil ETF’s that the individual investor has access to are up approximately 10%.
Oil ETF’s are a great play to take advantage of the drop in oil prices. Oil ETF’s provide a diversified exposure to the black commodity without having the worry of poor management from a single company. We have a 1-3 year timeline to see a 25-50% return on a well run bullish oil ETF.
Beaten down sectors like Gold, Silver, and Oil until 2020.