Replies to post #4166 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[wz9ytp]

Yeah, i saw that chart and find it hard to believe oil could go down so low. One factor that changed the equation is China's hunger for oil. Since 2003, they've been craving oil like never before...

[Nebuchadnezzar]

now that $ hit $97.50+, I want to see it overtake the EURO.
there will be OODLES of $$$ to be made just trading UWTI and DWTI on daily or weekly basis that I don't care if the ERUO zone breaks up one day which is very possible. As for oil..i have never liked high oil prices and always thought the game was "rigged" no pun intended, but now I just don't care how high or low it goes until it becomes a real serious problem.

CRITICAL STATUS OIL PRICES (in my opinion) for low and high ends of spectrum would be:

DEFLATIONARY

LOW : BRENT--$25-32
WTI --$21-$26

INFLATIONARY

HIGH : BRENT $140-160
WTI $125-$150

could see $ go to $1.05-$1.10!! UT OH