VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Ryantacular]

Ignoring the dollar for sure. Something underlying pushing it back up. The oversell? the over panic? So many factors are already priced into the price, that she could be stabilizing where she should be. The deal being signed, everyone says oil will drop, yet Saudi/Israel are saying war if a deal is signed. All those barrels of crude really going to affect the market during a time of war?

Regardless. Sideways chart, with some volatility.

Support still holding from the last naked bar being covered. All positive news for me unless that support gets broken and it keeps bouncing right off the few times it hit.