Replies to post #29431 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[3kidsplus1]

It's going to be a multi-day run. I see where you get that number from the trendline. I'm expecting that not to hold.

[NotRichYet2]

In that the current over supply continues and is still rising and has yet to start turn down it will only bounce up so far before dropping again , you may be close though.

[kamakiri]

Okay. April already crossed $33. $33.20 peak so far.

My personal option is oil won't get past $32.

And there is next to zero logic in making such a statement, my friend!

I do understand that this rally could die a miserable death at any time, but I wouldn't bet that happens in the next two days without some fundamental change. JMO.