Welcome to our monthly series where we take a closer look at what the trading volumes of our ETFs are telling us about Crude Oil & Natural Gas.
Here at LongPoint, we're passionate about creating ETFs that offer real opportunities for active investors to help them act decisively when volatility strikes. Launching Canada's first unhedged geared Crude Oil and Natural Gas ETFs back in 2024 is an example of our mission in action.
Our commodity ETFs have supported investors through a series of sharp, often unexpected swings. During these periods, we observed a clear pattern: trading volumes in leveraged and inverse leveraged commodity ETFs tend to spike when conviction is highest, and when uncertainty is greatest.
So, how have our Commodity ETFs performed?
Let's take a look...
Data as at September 30, 2026. Inception date November 28, 2024. Source: LongPoint ETFs.
Early month Houthi attacks on Saudi energy facilities compounded the strain on oil flows out of the Middle East, increasing front October futures prices. During the second half of the month, prices eased on the EU’s guidance on oil supply security. Ratings agencies changed their pricing forecasts to reassess the fundamental valuations of Crude and Brent suggesting that the market had overpriced short term risk during the highs of the month to bring the gain from 21% down to 7.6% to finish the month.
Front month crude oil futures peaked near $101.69 USD per barrel, closing the month at $90.42 USD per barrel. Volumes were up in both OILU and OILD showing the volatility and uncertainty. OILD volumes increased much more month to month than OILU percentage wise, however OILU volumes remain much higher than OILD.
OILU: SavvyLong Geared Crude Oil ETF (OILU:TSX)
OILD: SavvyShort Geared Crude Oil ETF (OILD:TSX)
Upcoming Catalysts to Watch
Natural Gas supply outpaces demand as the summer ends and temperatures moderate. A Qatari LNG tanker completed the first transit of the strait of Hormuz signalling possible increases in global LNG supply if the supply chain can resume. Late in the month there were multiple US supply chain issues causing a brief increase in October futures pricing, most of which were alleviated by the end off the month causing October futures to finish the month down 1.2%.
Front month natural gas futures peaked near $3.40 USD/MMBtu at the end of the month, after opening the month at $3.06 USD/MMBtu. GASU volumes surged twice as much as GASD volumes throughout the month.
GASU: SavvyLong GearedNatural Gas ETF (GASU:TSX)
GASD: SavvyShort GearedNatural Gas ETF (GASD: TSX)
Upcoming Catalysts to Watch
GASU: SavvyLong Geared Natural Gas ETF (GASU:TSX)
GASD: SavvyShort Geared Natural Gas ETF (GASD:TSX)
OILU: SavvyLong Geared Crude Oil ETF (OILU:TSX)
OILD: SavvyShort Geared Crude Oil ETF (OILD:TSX)
Disclaimer
This article is intended for active, high-conviction investors. Always read the full prospectus and disclaimers before investing. Visit www.longpointetfs.com for more information.
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