Replies to post #24916 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Peasodos]

A solid close significantly below $30 would be very bearish for oil next week. I think UWTI can drop to around $1 when oil finally bottoms in the next 1-2 months, we'll see...

I have a war chest of 475 DWTI to unload on the way down, also no margin debt(cleared that this past week) :)