June 2024

Stock I'm watching this month (June 2024):-

OOO - Betashares Crude Oil INDEX ETF-Currency Hedged

Sector: ETF
Market Cap:  140 Mil 
Price/Earnings: N/A
Price/Book: N/A
Return On Equity: N/A 
Return On Assets: N/A
Debt/Equity: N/A

Reasons to watch: OOO is the ETF for oil. Oil have been rising recently and these could be due to the tensions in the Middle East. Crude stockpiles falling in the US could also add to the speculation that drives oil price higher.

Risk: The US Dollar Index, DXY is poised to show strength in the near term. A stronger US dollar often drives commodity prices lower. 

Sentiment: Buy
Disclosure: Held
Current Price: 6.13 AUD
My Strike Price:  6.13 AUD (Morningstar Fair Value: N/A)   
My Stop Loss: 4.9 AUD


Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research. 

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