how to see commodities webull

2 min read 16-01-2025

Webull, a popular mobile trading app, doesn't offer direct trading of commodities in the same way it does stocks. However, you can still access commodity-related information and invest indirectly. This guide will show you how to find and track commodities data within the Webull platform. Understanding how to effectively leverage Webull's features for commodity market analysis is key to informed investment decisions.

Accessing Commodity Information on Webull

Webull primarily focuses on stocks and ETFs. While you can't directly buy and sell gold, oil, or other raw materials, you can access related information and invest in instruments that track commodity prices.

1. Using the Search Function

The most straightforward method is using Webull's search bar. Try searching for the ticker symbols of ETFs or mutual funds that invest heavily in commodities. For example:

Oil ETFs: Search for tickers like USO (United States Oil Fund) or other oil-related ETFs.
Gold ETFs: Look for GLD (SPDR Gold Shares) or similar gold-tracking ETFs.

Remember that ETF performance isn't directly tied to the raw commodity price. There are always management fees and other factors to consider.

2. Following Commodity-Related Stocks

Many companies' stock prices are heavily influenced by commodity prices. If you're interested in a specific commodity like oil, you could track the stock prices of major oil companies. Their performance often reflects the overall market trend for that commodity. Use Webull's search to find these companies and monitor their charts.

3. Exploring the News and Analysis Section

Webull often provides news and market analysis. Search for news articles or research reports concerning the commodity you are interested in. This can help you stay updated on market trends and potential impacts on commodity prices.

Indirect Commodity Investments on Webull

Remember, you can't trade the physical commodity itself on Webull. However, you can indirectly invest through:

ETFs: Exchange-Traded Funds that track commodity indices provide diversified exposure.
Mutual Funds: Some mutual funds have significant holdings in commodity-related sectors.
Stocks: As mentioned, investing in companies whose businesses depend on commodity prices is another route.

Limitations of Commodity Tracking on Webull

It's vital to understand Webull's limitations. It's not a comprehensive platform for all commodity trading. Specialized brokerage accounts are often needed for direct access to futures contracts or options on commodities. Webull is best utilized for getting indirect exposure through ETFs, stocks, and staying informed through their news section.

Conclusion: Understanding Your Options

While Webull doesn't offer direct commodity trading, it can still be a valuable tool for monitoring commodity market trends. By utilizing the search function, tracking related stocks and ETFs, and staying informed through Webull's news section, you can gain insights into the commodity markets and make informed investment decisions, even if it's through indirect methods. Remember to always conduct thorough research before making any investment choices.