Citi VelocityShares 3x Long Crude Oil S&P ETN (UWT)

[ClayTrader]

* * $UWT Video Chart 03-19-2020 * *

Link to Video - click here to watch the technical chart video

[RJ Trotts]

On radar, I plan to watch this one with you. Best to all here. Hoping for a strong rebound soon.

[Fai 2]

Anyones best guess where this will be tomorrow? Above .30 or below?

[JohnCM]

Go, go, go, go!!!!

[dude iligence]

Crude up 23% today 3x oilu +46% 3x UWT +22%. Oilu broke 1 rubber and UWT has 2 broken rubberband, dirty cracked mirrors. Time for rs maintenance.

[Angel21stCentury]

THE COWBOYS ARE COMING TO SMOKE THIS PIECE OF CRAP TO THE MOON

[Big bucks]

Just announced government outs in place a program to help oil related business....in talks with Saudi and Russia. A storm to s brewing

[Big bucks]

big boys will get this over a $1 soon.. close close to .40 ++

[Joecanada13]

It’s my money and I want it now!

[Joecanada13]

The ole slow blow

[Angel21stCentury]

SHE IS GOING TO BLOW YOU REAL NICE

[Joecanada13]

Ok here we go

[Joecanada13]

DWT now down over 60% wow

[Sgreg]

Well I want to buy this damn thing but not when its acting like its broken. GASL and GUSH also acting kind of broken. I got in on PRTY before close, I am going to sell it soon. I got a double for my trouble on that sucker. I am currently hunting around for something to buy. I'm thinking about HTZ but its up 27% today so probably not.

[Wrinkles]

Agreeeee.....

[Joecanada13]

Nice trade! You eyeing a reentry?

[nssrr5]

Why is this not thru the roof today. WTH is going on.

[chilling]

Why the f is this not up 60% if oil is up 22%?

[Bren4Realtor]

Beautiful cup and handle forming. Break out to the upside.

[Sgreg]

I sold my GUSH at 43 cents, made 10 cents/share. Pretty mad though as they somehow didn't have that one fully correlated to the 3 times of XOP. Not nearly as bad as here but still.

[Tmoney1102]

SEC needs to look into what’s going on here. This happened last week as well

[Joecanada13]

They’re robbing us good today

[hunterj20]

Sustainable won't offset the biggest drop in oil use ever... Add rising production to that and it's a whole nother beast. Just don't fight it is all I'm saying. Your $$ and everyone elses $$ won't stop it from going wherever it will go.

[Porteño]

It certainly could, but the drop has been too fast and sudden for both crude and the markets. A strong technical bounce is due. So I think we will re-test $30-35 before doing any re-test of $20.

I work in the oil and gas industry. Prices at $20 are just not sustainable.

[hunterj20]

IMO will double bottom, re-test $20/barrel next week.

[Sgreg]

Maybe you are right. I hope you are right. DWT now down 50% and UWT up 18% so it is at least getting a little better correlated then earlier. Hopefully it was just a "delay" and UWT catches up fully. If not then Citi is running a big con and they will need to explain. Also tghey can't use the excuse that they "saved" UWT yesterday by not letting it drop by as much as it should have and so it is being made up today. They can't use that because UWT dropped the full amount yesterday that it should have. You made a great buy and should be fully rewarded for it. I got GUSH yesterday at 33 cents but I should be up more then I am. GUSH is up twice as much as XOP but I want my full 3 times.

[Porteño]

lol I wish! Just using technical analysis and have been monitoring crude for weeks now. Just waiting for that bottom. Still needs confirmation, but I think we already witnessed it.

[Joecanada13]

Porteno *

[Joecanada13]

Portend from the future?

[Porteño]

Spot on :)

[hunterj20]

Out for now at .304 from .24

[Joecanada13]

I know it’s a little crazy trying to figure that out as well

[Bren4Realtor]

UWT will align itself with oil price now. UWT was under the stress of shorting but now the big money is going long.

[hunterj20]

Yeah it's trying to catch up!!! Loving my .24 avg!!

[Sgreg]

I doubt it brotha, I hope that will be the case. You should be up over 30%. I hope they fix whatever bs con they are running with this today. OILU is doing at least pretty much what it should be doing. What could be Citi's excuse for this con going on here today? I'm rooting for you and others here. I really hope you get the % gain that you should really have. I mean they really need to explain how DWT can be down 38% and this is only up 8%. These are skimmed off of so I get that there won't be an exact 3 times correlation to oil but DWT and UWT should at least be in the same ballpark % wise to their % up/down. 38% down on one should be shown at least within reason on the inverse side be shown on the other.

[Joecanada13]

Lag?

[Sgreg]

DWT now down 30% and this is basically flat. These are always skimmed off of but today is just a flat out con job. I'm not even in this and I'm pissed just seeing it.

[Sgreg]

If I was in this I'd be mad as hell. Citi is going to need to explain how oil is up so much and this is almost flat. This thing should be up around 30%. The inverse (DWT) is down 25%. OILU basically the same thing as this is way up like this should be. Very funny business going on here. I wish you all great profits and that you get the price that it should be.

[Joecanada13]

Green!

[Bren4Realtor]

UWT was heavily shorted. That's over! Picked up UWT at .23 and smiling.

[Porteño]

Today crude runs to $25 IMO.

[dude iligence]

Sold at open the rubber bands are unwinding

[stockless]

So how is this down 13 percent today, when it should be up that amount tied to crude being up 5 percent today?

[nssrr5]

I agree...

[Porteño]

Careful now. You do realize oil needs to pull a +100% for you to break even, right? Crude will not be $40 for a while IMO.

I bought heavy at 0.25 but have a tight stop loss. This is also after severe bleeding from crude down to test $20. I think we will see a strong bounce today.

My point to you is, don't wait for this to recover to 0.70 before exiting. That's all.

Good luck all.

[nssrr5]

I am going to try and buy some more at the open to average down but my average is up in the .70 area. Damn this pull back shocked me...

[JohnCM]

Some of these are headed to zero.

[JR30]

That was just captain obvious again. Hope you can regain any loss you've had.

[TeddyCaswell]

I know it ain’t the first time I’ve seen this. Been a while since I bought these leveraged pieces of garbage. Just pissed with my string of bad luck lately.

[dude iligence]

These things are backed by nothing but dust using smoke n mirrors to track the price of crude. Crudes up and uwt down. That means the mirrors have gotten dirty, out of alignment or cracked from too rough handling we saw yesterday. Usually this precedes a reverse split in which they replace any broken mirrors clean the mirrors do a re-alignment and clear out all the smoke.