|United States 12 Month Oil -- USA Etf|| |
USD 19.89 0.02 0.1%
United States 12 Trend Analysis
Use this graph to draw trend lines for United States 12 Month Oil. You can use it to identify possible trend reversals for United States as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual United States price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
United States Best Fit Change Line
The following chart estimates an ordinary least squares regression model for United States 12 Month Oil applied against its price change over selected period. The best fit line has a slop of 0.02 %
which may imply that the returns on investment in United States 12 Month Oil will continue to fail. It has 34 observation points and a regression sum of squares at 0.22, which is the sum of squared deviations for the predicted United States price change compared to its average price change.