Replies to post #30231 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[dude iligence]

Contango gap swacked UGAZ in the Fall doing the same to UWTI. When the contract rolls to a higher price month with a huge gap up, the gap then closes and UWTI drops by the amount of that gap X 3.

[ash111]

"Summer is coming for oil: 50% price spike ahead, says BofA", http://www.marketwatch.com/story/summer-is-coming-for-oil-50-price-spike-ahead-says-bofa-2016-02-19