Replies to post #7585 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Ryantacular]

UWTI will hit 8, with WTI between 70-80. There's a gap to fill, it will get filled. Bottom line.

To put it simply, you're wrong. Save this post for future reference.

[CyclicalTrader88]

15% moves in WTI in the past have generated a double in UWTI. it's happened multiple times. So we are going to see 8+ conservatively. There is a gap at 12 that might even hit.