Replies to post #9048 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Ryantacular]

Agreed. But the combination of less rigs, summer driving, fraccing coming to a stop, and not to mention even 70 dollar oil keeps has cheap enough to get rid of. I think at worst, this becomes a gap and trap, but only dipping to the 57 dollar mark at worst. I think 60-75 dollar oil is still cheap enough to unload.

All I know is I want high oil ASAP. Job stability.