Replies to post #25576 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[nit2winit26]

your wrong it will close above 30.00 and open strong tomorrow you sir or on the wrong side of the fence

[es1]

It will last a few days.
Next weeks report should put a stop to the recovery.
Shorts have to cover at some point so they can begin shorting again.

The chart shows this repeated all all last year.

I am looking to sell out here and buy Ds by monday.

[SgtJBone]

Once Iran floods the market oil will see lows that it hasn't seen in years. I'm just selling the cheer. I might hold my position in the inverse until next week when Iran opens the flood gates. I think it's going to head back to where it was by the end of the day.