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WisdomTree WTI Crude Oil 2x Daily Leveraged (LOIL)

London
Symbol
Exchange
Currency
LOILLondonUSD
WIOIL2LondonGBP
LOILMilanEUR
4RT6XetraEUR
LOILParisEUR
Currency in USD
11.15
+0.22(+2.01%)
Closed

LOIL Comments

nice jump today!
pro badge
on the 3rd September WTI announced the restarting of the LOIL creations. they have been stop in April 2020. look at their announcements
Up up !!
any expectations for next few days price
Do you see this going to 40 USD again? as this is where it was pre covid level I know it tracks the Bloomberg index but I'm not quite sure how that is priced?
I don't think do. Based on compounded interest with 2 percent increase, when wti is increasing 1 percent, it will be nowhere near that number
  The Bloomberg index was 250ish USD before COVID 19 now it's at 70USD so I can see it does not correlate with oil price completely. Anyone know how that subindex is calculated or priced it would be really helpful :)
Someone was waiting for the target of 3, where is he to cheers? 😀
What is the maximum price thks ETF could go if oil reached 60$ guys ?
Could be well over 5
Thanks for your answers guys. If I understand well, the more volatility oil has (up-down-up-down etc), the less high the ETF will reach, right ?
Yes correct
typical buy the rumours and sell news situation today. everyone was expecting that OPEC+ deal is done thing but ...
indeed, let´see..Russia is unpredictable
small OPEC members must provide evidence of compliance before tomorrows meeting
if small OPEC members do not comply Russia will not agree to carry on with existing cuts
Some bad rumours about OPEC+ meeting
I’m still holding... i think it will drop a bit just before the OPEC meeting waiting for its outcome ( opportunity to buy more or to renter), and then moves again to up... i guess wti will touch 40$ next week after the meeting...
well it dropped not just a bit but a quite a lot
BIl did you reentered?
No, not yet... watching if it drops more and then renter...
I see 10 % drop off at least. Why everybody bullish on this etf. The Opec meeting didn’t even take place
Which are your recommendations? Bull or sell?
I have reentered at 2,86
For now until the meeting on Thursday It gonna be bullish. So I see euphoria on it. I will wait for the pullback to get a new position.
Will the momentum continue in June?
What are the underlying WTI contracts of this index?
it follows the Bloomberg wti total return index, that, in turn, holds sept future contracts until the next rollover
 you know where can i see it?
 you can check the operational notices here https://www.wisdomtree.eu/es-es/strategies/oil-and-energy-etps
🚀
Do you know why loil has premium over 4rt6 quoted on xetra? Shouldn't price be the same??
I think prices are the same. Loil is quoted on Milan Stock Exchange in Eur and on London Stock exchange in USD. Milan and Xetra prices are the same.
everyone quite here
We let the baby (LOIL) grow in peace 😀
Hello friends does someone know why this wisdomtree was so low before 2016 (around 0,8€) although Wti price far higher ?
I am not sure, if you check in dolars there wasnt this changes
thanks you are right it's only for Milano
would it recover to 10-15€ or that's too unrealistic?
is it good time to buy now
This ETF is doing pretty good lately. What is your strategy with this product? At what price do you intend to sell it? I bought it a 1.40eur and hope it'll overcome 3 in the next days...
I bought at 1.8, and I will keep it until it drops 0,2 from current point... don't cut the gains, just move the stop loss... imagine it goes to 5
I bought in 4$ 😔
Today NAV is 2.38 so would there be a Creation allowed today price would drop to 2.38
Hi. I would like to know if you believe that the fair price, in caso of reopening of new creations, will be the NAV of the current day or could possibly be less than that, perhaps the NAV when the creations were halted.
I post what I found on the issuer webstie: "The existence of a premium in the ETP’s price will not play a role in the Issuer’s decision to reinstate creations, and so buyers of the ETP who buy it after creations have been halted should take that under consideration, since the premium is likely to disappear and prices of the ETP may fall back to fair value when the Issuer reinstates creations."
It does not say to which NAV price the ETC price would fall back in case of reopening of new creations. It just says that it could drop to the fair value. How can we be sure that the fair value is the NAV of the day?
Once Wisdom allows Creation again price will correct to NAV.
is todays downside in anticipation of tomorrows oil inventories?
Ok, thanks Trumir!
 this is  what Wisdom answered: *WisdomTree is not restricting transactions in the secondary market. However, due to the halting in creations in LOIL and CRUD, this may constrain the ability to purchase these ETPs.  Please refer to the FAQ. https://www.wisdomtree.eu/en-gb/-/media/eu-media-files/other-documents/faq/wisdomtree_faq_what-does-halting-mean-for-investors.pdf
Thanks! Now it’s clear...
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