Replies to post #7579 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[value1008]

For this to hit $8, which is 144% higher than here, WTI would have to go up 48% from present price in $55s, i.e., to $82s.... in a relatively short time (a few months) with ZERO DECAY, and there's GOING TO BE DECAY because of predictable volatility.... so oilprice would more likely have to zoom to $100 and very, very few analysts see that happening by Summer-Fall.

I think longs on UWTI will be lucky to see $5.00-$5.50 by Summer-Fall with the decay on likely cont'd volatility and our "new era" of oil overproduction and not enough demand this year. $4.00-$4.50 may be a more realistic upside target for UWTI.

[LastHand]

No chance UWTI hits $8 w/out a middle-east war, which could certainly happen. WTI moving slow and steady over next few months to $70ish, UWTI will probably be under $5 for sure.