How To Benefit from High Oil Prices : MES
MES, the market vector gulf states index etf, has some good exposure to some oil producing countries. By having some exposure to that region, one might benefit from the increase in oil prices.
I have noticed on this weekly chart of MES , that the price broke through resistance last week. Will want to go long if last week high is broken( 20.63), with a stop loss at 19.84.
MES is up 4.8 % YTD.
I have noticed on this weekly chart of MES , that the price broke through resistance last week. Will want to go long if last week high is broken( 20.63), with a stop loss at 19.84.
MES is up 4.8 % YTD.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.