VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Ryantacular]

"we can all agree that true positive moves don't go backwards"

That's something that clay always says(and is true), and I believe he said in his last video.

So here's what yesterdays video would have said, "Well the bulls did it again. Higher lows. Didn't go backwards. Broke through resistances again."

I personally use WTI charts, as UWTI is correlated to it for the most part, and because I don't have platform access here at work, and the free chart/tool from http://www.livecharts.co.uk/MarketCharts/crude.php doesn't offer UWTI. But. 54-55 dollar range wti is the resistance right now.

So today we will see if "we can all agree that true positive moves don't go backwards" holds true again.