Replies to post #29691 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Buy and pray]

OPEC cutting production is the turning point for oil, just a question of how fast it will go up, I can see oil in the future being very expensive +$150 a barrel

[kamakiri]

Yes, it's possible.It can double in 3 days if WTI goes up ~33%. Done it before.