lowtrade

[lowtrade]

Doubt it. That trade is speculators probably hedging the oil trade in some way.

3X ETF's don't move a market sector or industry. Usually the sector or industry moves the 3X ETF.

It's the same principle why I play FAS/FAZ when the market (S&P) has whip shawl. I speculate the market will continue to go up & down, so I go for a bigger ROI with a 3X. They feel oil has bottomed, so they go for 3x instead of just oil futures. The volume only tells you lots think oil is ready to climb. The volume won't change what happens.