This week the Crude Oil complex has been testing support similar to the way gold and silver tested support last week. Crude Oil found support at the 50 day simple moving average the way that gold did and is moving up sharply today.
There are several different ways to play a rise in crude oil prices. You can choose an unleveraged oil etf such as USO, USL or DBO. You can also choose the double oil etf UCO which has traded over 6.5 million shares today.
Yet another way to play is through by using an oil stock etf such as XLE or OIH. Of course the oil stocks also have their versions of Leveraged ETFs as well with the double leveraged - DIG (based on the DJ Oil and Gas Index and the triple leveraged ERX which is based on the Russell 1000 energy index.
So as you can see there are several investment alternatives across the entire risk spectrum for those who want to play a rise in crude oil prices.
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