Replies to post #29526 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[logic60]

I don't know about you all but I am so glad that they didn't give me the opportunity to chase this thing up this morning. It would have trapped many.

Greg

[BostonTrader]

Yep, it's a step but that's it. With Iran increasing production and Kuwait adding as well, oil production is likely to go up and the market is already oversaturated.