Replies to post #3822 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Ryantacular]

I agree. There could be some very bullish moves this week. But the double bottom possibility is still strong. This is going to be the week where it goes one way or the other. How hard? I wouldn't say to the moon if it broke up, but I would say double bottom if it breaks down.

[RBKissMyAs]

Green bar in Jan. where the yellow and green lines sandwich it is a concern BUT, overriding that concern is the red bar over 70 in Nov. and the massive volume of accumulators Feb. and March. I think earl will hit 73-74 during drive time this summer.

[jayhawkclint]

I think we're at the apex. If my chart is correct (I know, the lines aren't super accurate), WTI should sorta taper down to about $50.00 by the morning. After that - it's anybody's guess. This might be one worth setting the alarm and waking up for premarket.

[jayhawkclint]

Looking to me like an early morning rally with a possible swap over to DWTI at some point for a swing trade.