Citi VelocityShares 3x Long Crude Oil S&P ETN (UWT)

[dude iligence]

That's what I predicted last night after looking at the situation, from oilu board. It may not happen after watching it trade today from my earlier post they kept the price elevated for a hr or so then 2 mins after my posts it started dropping like a rock.crude hit $27 low last night which would have wiped uwt. out. Today crude stayed down about 25%. I think they intentionally kept crude that high to prevent these leveraged ETFs from failing and causing even more fear and panic. I think crude will go down to 27-28 very soon spreading the decline over days instead vs 1 day. If it doesn't happen we will be presented wit a massive buy op. Ugaz fell to .62 March of 2016 when ng hit 1.61 which it hit last night against. It rebounded 5 fold over the next few months after an rs. Crude doest have the volition of ng but it won't stay super low forever.


dude iligence  Monday, 03/09/20 12:51:19 AMRe: dude iligence post# 15000Post #  of 1573 

Crude $27.73 -$13.55 -32.82% 3X OILU,and UWT could go to $0 and poof! It happened a 2018 with leveraged short XIV. Gonna be an interesting day.