VelocityShares 3x Inverse Crude Oil ETN (DWT)

[Swing Party]

There is so much money in oil right now. Funds are packed with long positions. Its more manipulated than usual now. Even though inventories are at all time highs there isn't a peep about massive oversupply. OPEC's saying once summer driving season comes there will be rebalancing. Everybody (especially big money investing houses) is drinking the Koolade and will do what's necessary to drive Brent to 60+.

I tend to do better as a bear, but recently I've been going long whenever WTI gets close to 53.5. I'm selling the spikes. There is a lot of bull pressure. I think it breaks up thru resistance instead of down thru support.