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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E YGRN
With shares falling by around 20% since the start of the year, the Etracs S&P GSCI Crude Oil Total Return Index ETN (OILX) has certainly not been the favorite instrument in many portfolios. While this drop is painful for those trading OILX to the long side, I believe that the current pullback in price represents an excellent buying opportunity to trade against the crowd and buy into a commodity which is fundamentally bullish.
Crude Markets
There is no escaping the reality that panic is in the air when it comes to crude markets.