Replies to post #30620 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Jakeyoo]

I expect it stops at 28. Then it will be inverse head shoulder. I will buy if it holds at 28

[wz9ytp]

Thing is...Cushing is turning down oil, denying storage request. API huge build, imports down, plenty of oil on the way in ULCC's and VLCC's, already 20some mb's in the Gulf waiting to unload...

How low will she go? Who the hell knows anymore!