Kam you can't tell him that! That would be telling him to catch a falling knife while hoping for a dead cat bounce or something like that. Sorry couldn't resist.
Anyone that has been here for even a couple of years can see this goes where they want when they want and that's about it. They sell the stories about quotas or turbulence in the middle east, the EPA winning a battle to avoid drilling or strengthening economies whenever they want things to go up.
They sell reaching storage capacity, worsening economies, companies pumping above quotas or not agreeing to them, someone finding a new multi billion barrel field when they want it to go down.
The only thing this fund will never do is stay the same---hell even decay makes that impossible.
You may (and probably will) see wild swings during the day, week, year and 5 year time frames. Up, Down it doesn't matter during any of those time frames.
Between UWTI and DWTI there is around 6-700 million traded most days. All anyone here wants is opportunity. Someone is taking advantage of that opportunity every day. MMs have to love action like this!
