Replies to post #9205 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[LastHand]

Yeah, understand but I'm not using percentages, just a range of move from .15 to .19 in UWTI for every buck of WTI. I'm sure there is some play but those ranges are based on WTI moves from 40s to lower 60s. I don't see the range changing that much in the next 8-9 bucks on WTI but we'll see. 5.5 to 6 is probably a good range.