VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[sothis]

...a big draw on supply could save oil. I'd like to think this drop was just due to the scare after having an injection to supply for the first time in months. It doesn't feel like Greece being in or out of the Euro-zone should have caused a ~10% discount in oil, nor the potential entry of Iran into the global market (which would be several months down the line anyway).

Of course... I could be missing something. Holding onto UWTI at a $3.00 average right now and just watching the live price charts with a bit of frustrated curiosity. I want to add more to average my price down, but this junk just keeps on dropping.