Replies to post #13560 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Ryantacular]

Agreed. But wouldn't be surprised to see below 52.00 now. Bulls tried to make a statement and couldn't. There's no steam left today, maybe not even enough to hold the current ground.

Then again... Robot's trying to maintain 2.15 as well. But seems like a trap by them. I got out with profit from my 2.11's at 2.25 yesterday and 2.17 today. No regrets.

One more thing ( long post I know) 50 MA on the 3 minute been being good support, but that's quickly approaching MA 100, and should fall apart.