Volume is overrated with ETN's. Too many variable factors, (including but not limited to share creation, hedge funds shorting, etc.) and in no way shape or form does volume of an oil ETN, control the price of the actual commodity.
I'm not saying volume can't be used here as any sort of indicator, just make sure you're nut trusting it in the way you would trust volume form an actual stock.
Trying to help out, you may already know this. But thought it was worth me noting.
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