Algokid

How To Benefit from High Oil Prices : MES

FWB:MES   MITSUBISHI EST
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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.

Comments

It isn't very liquid (so be careful with "stop orders")...
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Algokid timwest
Very good point Tim , the bid/ask spread is huge ( almost $1) .
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