Replies to post #10266 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[ottoman]

yeah, interesting. I haven't been around the oil ETN to know enough about how UWTI/DWTI reacts to contract shifts.

all I know is the last shift (May to June futures shift) UWTI seemed to fall to re-adjust to the new "artificially inflated" WTI crude price set by the new June contract.

but what happens if current price is above futures (July) contract price. UWTI pops up?

don't know enough about it all.