Chart 1: WTIC's daily chart as at Oct 15, 2009 (Source: Stockcharts.com)
To gain direct exposure to the Crude Oil price rally, one may consider buy into an Oil funds or ETF, such as United States Oil Fund LP ETF (or USO).
Chart 2: USO's daily chart as at Oct 15, 2009 (Source: Stockcharts.com)
We have a CW for USO listed on Bursa, called USO-C1. The main terms are:
Expiry Date: April 7, 2010
Exercise Price: USD36.70
Exercise Ratio: 200:1
Based on yesterday's closing price for USO-C1 at RM0.125 & USO at USD39.91 and an exchange rate of USD1=RM3.40, USO-C1 is now trading a reasonable premium of 10%.
Chart 3: USO-C1's daily chart as at Oct 15, 2009 (Source: Quickcharts)
If you do not fancy buying into a thinly traded security such as USO-C1, you can look at the oil services stocks listed on our exchange. My preference is for Dialog (go here). I am sure more stocks in this sphere will join in the rally soon. Good luck
