$PDBC


The Strait of Hormuz staying closed affects PDBC positively. Inside it, there are WTI crude oil, Brent oil, RBOB gasoline, NY Harbor ULSD, diesel, and natural gas exposure. It also has positive roll yield. So the fund can generate extra profit even above the increase in spot oil prices.
Also, inside it, there are agricultural commodities that benefit from this same problem, such as corn, wheat, and soybeans. In other words, Hormuz being closed creates a perfect storm for PDBC.
We can see this from the chart as well. It broke the neckline coming from 2014, and the view is bullish
CL-0.91%
BZ-1.07%
GAS-0.45%
NG1.34%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned