VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Jayman1980]

Also, the price of oil is down for a number of reasons, but not to screw other OPEC nations like Venezuela, lol. Mostly to knock out our frackers. Maybe cut out funding for ISIS who uses illegally obtained oil to fund their operations. Maybe our oversupply is coming from unregulated sales by ISIS procurers, indercutting legitimate oil sales by who knows how many percent, and maybe to the Chinese.. Lol, who knows? Whatever the case, crude is all deeply oversold, technically, and the fear mongerers cannot instill any more fear than already exists. Charting is just a measure of price action based of supply/demand which is controlled off fear/ greed, which all in all is just a chart of buying and selling pshychology. It is so oversold it will go up.