VelocityShares 3x Inverse Crude Oil ETN (DWT)

[SunshineSmiles]

Probably not. Would like to see $5 again. LOL

[BullishSwag]

lets see if this hits 12$ this week.

[SunshineSmiles]

If this gets close to $5 again its game on like donkey kong. $DWT

[SunshineSmiles]

Nice Bounce on Friday.

Wink Wink LOL!

$DWT

[SunshineSmiles]

$DWT Looking for a bottom.

[SunshineSmiles]

$DWT will be getting my attention all year long. 2019

[SunshineSmiles]

Play the chart of DWT and its homie UWT,

Lets Make 2019 Great!

[SunshineSmiles]

DWT has a blood brother of UWT.

Lets Rock 2019!

[SunshineSmiles]

$DWT Inverse Crude Oil. Sounds kinky.

[SunshineSmiles]

I like $DWT.

[ClayTrader]

* * $DWT Video Chart 11-20-18 * *

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

[Joecanada13]

Moving my DWT into DGAZ

[MoneyMaker111]

OPEC Production Cut: Up to 1.4B bpd:

https://finance.yahoo.com/news/opec-partners-discuss-oil-supply-093529709.html

[MoneyMaker111]

I dumped all my DWT yesterday. Getting UWT today.

As we can see, the December 4th OPEC meeting will be a HUGE up day, as the Saudi's and Russia will cut production dramatically.

The markets will "price in" this production cut in advance.

Additionally, this excessive/oversold condition of crude oil has reduced the price of oil/gas so dramatically, that the increase demand will make a huge dent in existing inventories.

I'm very bullish on crude until end of year, as my price target is $75/barrel, at which point Saudi Arabia will do their ARAMCO IPO.

[fitzwell11]

Getting close. If oil runs at $77 I’ll enter here for sure

[Joecanada13]

Looking to make another move soon

[fitzwell11]

Weeeeee

$DWT

[Joecanada13]

Inverse bull run!

[fitzwell11]

Looking great here for continuation

$DWT

[ClayTrader]

* * $DWT Video Chart 07-11-18 * *

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

[Joecanada13]

Weeeeeee

[DDGUY]

looking into this stock

[fitzwell11]

I believe so. Think there has been an overreaction to the Iran/Venezuela issues as well as Libya on the side. US/Russia/SA still pumping pumping pumping with plenty of capacity. We shall see but thinking $75-76 is toppy for crude

$DWT

[Joecanada13]

Hmmm is it time yet?

[fitzwell11]

Anyone else thinking this OPEC meeting is not as good of a thing as the market assumed it to be today?

[blindjohn]

Oil will see $55-$60 again by October. Monthly stochastics about to roll over and nearing 70rsi

[fitzwell11]

If EU agreed to this, cold easily shave $3-5/barrel off current futures price

Iran vows to stand by nuclear deal if EU helps it offset U.S. sanctions - https://on.mktw.net/2s0h2Su

[benfrankledger]

$DWT Definitely not a lot of upside risk over the balance of the year, should actually see some considerable consolidation. The question trading $DWT is usually how soon it may happen, there is possible for geo-politics driving it higher short term but even now that is heavily baked into it.

[FinalFrontier]

Careful here - they might have to R/S this ETF if it keeps falling.

There will be a good trade here in due time - at some point, the oil trend will reverse. I'm watching closely.

[fitzwell11]

I think that pretty much all positive news is already factored in for the short term and the $70-72 range has some major resistances. The only thing that concerns me a little is how oil has completely unpaired from $USD. Either way, went in pretty heavy yesterday. Think a short term pullback is due.

$DWT

[Marketwise]

Who here thinks crude has much upside risk - presently trading near $71 a barrel? I am going to pick up a starter position in DWT today and see what unfolds near term....

[fitzwell11]

Knock knock anyone home?

[fitzwell11]

Generally agreed, although I do believe SA will do what they can to get and keep oil above $70/barrel

[benfrankledger]

I am in total agreement and positioning accordingly.

[acrazjo]

I am in DWT for a starter position at 9.05. I don't think oil keeps going up with US production gathering steam. The Syria piece will be short lived. DWT looks very good for a reversal in the next few weeks.

[benfrankledger]

$UWT $DWT Brent crude oil futures, already at their highest levels in more than three years, extend gains after Pres. Trump tells Russia in a tweet to “get ready” for U.S. missiles to be fired at Syria.

At last check, Brent crude +1% at $71.72/bbl and U.S. WTI crude also +1% at $66.19/bbl.

“Fears that the supply of crude could be interrupted as a result of [an international strike] is the main reason behind the oil price rally,” says Forex.com analyst Fawad Razaqzada, while cautioning that oil's rise may be limited as U.S. production is expected to rise further in the coming months.

“We think the fundamentals do not justify the current price [but] the market is focusing more on the politics and ignoring some of the warning signs, especially the hike in U.S. oil production,” says Commerzbank head of commodity research Eugen Weinberg.

[benfrankledger]

$UWT $DWT The American Petroleum Institute reportedly shows a draw of 2.74M barrels of crude oil for the week ending March 16, vs. a build of 1.15M last week.

Gasoline reportedly shows a draw of 1.06M barrels and distillates show a draw of 1.92M barrels.

Nymex April crude recently was $63.76/bbl in electronic trading, above today's $63.42 settlement price.

[benfrankledger]

$DWT I was out at $14 with solid gain. Looking for it to find it short term high on oil again to buy again.

[longymickshort]

Place to be still looking for that 15 + here

[$treet $inatra]

daily action

[longymickshort]

If everything stays quiet should be 15.50 here easy. Not saying when but if its gonna happen it will be fairly soon.

[benfrankledger]

Continuing to be short term bearish.

[longymickshort]

Might see Wti below that next week with a strong crude build target exceeded. ): Ma cross could be curtains.

[benfrankledger]

$DWT $UWT Argus forecasts for crude see Brent at $58 a barrel by 2020 from CNBC. https://envestorfirst.com/2018/02/07/alejandro-barbajosa-argus-media-brent-58-barrel-2020/ Interesting argument but I am not certain I agree.

[benfrankledger]

$DWT Agreed, called the top of oil last 2 weeks, started adding heavy last week. This should see some continued decline and a nice rebound around support levels (TBD).

[benfrankledger]

$DWT Nice pick up, I started averaging in a position about a week and a half ago. Break was yesterday, today was momo, after hours its crumbling. Should be a nice move over the next week.

[fitzwell11]

Oil is due for a pullback imo. $USD is overdue for a bounce

[JRT]

I can buy with Scottrade at 5 central time

[million_dollar_mafia]

How do people buy ETFs at 4am????

[Swing Party]

EIA report somewhat bearish. Whipsaw at the report but the crude price trend is down. Longs are getting nervous. Picked up 3500 D monday PM. Looking good so far.