Replies to post #12543 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[trdwatch]

I couldn't say where it will be, just that the settlement date is the 22nd...

I believe our next support is $3.30.

http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_product_calendar_futures.html?optionProductId=190

[Ryantacular]

I'm Saying WTI has gapped up every contract flip, and UWTI stayed the same, and when WTI dropped to cover the gap up, UWTI dropepd at well.

Example:

Before contago gap:

WTI: 58.30 UWTI: 3.76

After contago Gap:

WTI: 59.40 UWTI: 3.76

After Contago gap get covered:

WTI: back at 58.30 UWTI: 3.44