I noticed that as well. Many oil companies have found bottoms and have begun moving up, yet UWTI still continues falling creating new lows??? They are beating the crap out of it like they have done with many ETF's recently. Just like JNUG before the R/S is the last one that comes to mind. We'll have plenty of opportunity to bank from beaten down oil/gas soon enough. We just got to have some patience in the meantime;)