no one trading oil - why, page-107

OOO is based on SPGSCLP which is currently lagging to WTI (SPGSCL) by massive gap - primarily because WTI(SPGSCL) is in bear zone and it is perceived as achieved its peak around 50$ and being ranged bound between 35-50 zone.

However if WTI(SPGSCL) breaks above 52$ and stays there for a while it can enter into Bull zone and can quickly drag SPGSCLP (and OOO) in no time.

OOO seems to be a very good bet at the moment - also please note it is hedged against USD and not AUD - exchange rate will not affect OOO.

Only SPGSCLP is affecting the OOO - hope OOO was based on SPGSCL and not  SPGSCLP index.

Good luck to everyone.