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BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Alternate Symbol(s):  HROZF | HZOZF

HOU¿s investment objective is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times (200%) the daily performance of the Horizons Crude Oil Rolling Futures Index. HOU is denominated in Canadian dollars.


TSX:HOU - Post by User

BetaPro Crude Oil Leveraged Daily Bull ETF
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Comment by JustLongon Jan 29, 2009 4:38pm
285 Views
Post# 15738314

RE: RE: Oil almost looks like it's trying to conso

RE: RE: Oil almost looks like it's trying to consoSee the link(1).Link 2 is from 2000.
March/03 at say 38 was recently broken and now vibrating around 42 +/- 2 bucks.Assuming this is only a pause and the downtrend continues,then 38 will be support which if it does't hold will turn into say 32.50 est the last 1/2 of /03 and retested in early /04.(38 was a peak in late 2000)So that support range will be 32.50-38.So 30 is just an easy round number and easy to recognize."they" could have said 32.50.That 25 might be a stretch but maybe 26-28 if it gets real ugly.Of couse these numbers will not be very useful for daytrading.Maybe for a swingtrade in a weekly or monthly sense where past S & R become more important.GLTA

https://stockcharts.com/h-sc/ui?s=$WTIC&p=D&st=2002-07-01&en=2005-07-01&id=p95697318873

https://stockcharts.com/h-sc/ui?s=$WTIC&p=D&st=1999-07-01&en=2002-07-01&id=p08829965145

JL
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Dealroom for high-potential pre-IPO opportunities