RE:RE:RE:RE:RE:Technicals checking in :)itharami wrote: Mat1791 wrote: itharami wrote: Mat1791 wrote: valmeidan wrote:
So Macd on this is still showing a drop to finish, however past few days I have also seen 1.60 touch and then go back up. Is this the new bottom for now? I feel that being in at this point over the next few weeks is safe, but these ETF's do not follow alot of logic and in this case OIL for now.
Safe until the premium resets to the NAV. Which none of us have any clue how that will happen. I'm on hold right now and will ask that exact question to share with the board.
It gapped up today so that should be a good sign in TA books, no?
As for NAV and SP, did anybody ask Horizon when they called them? I'm gessing NAV will "catch up" to SP. How is NAV calculated at this point? I guess that's the more important question. We see a trend up in NAV in last two days.
NAV = Total Value of Inventory at current July Price/total shares
Thanks. So NAV is calculated based on oil price for July contract. That's not good lol. If price of oil goes down then NAV will go down and that gap won't close in who knows how long.
So I take it, SP is still created on open market and it's at the will of big boys?
You graduate with honours!!
Correction - Big Boys and Dumb Retail