Replies to post #32925 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[kamakiri]

Wow.Failure to get back under $36 again.Starting to smell like a bear trap.

[kamakiri]

The bear trap just got bigger. Just in case anyone else thinks the CoT data is too old or lags too much to be useful.

Kamakiri CoT notes W/E 3/8/16:

MM futures only massive short covering and long building continues.

Other groups mostly opposite.

Similar directions when looking over the options positions.

The bear trap just got bigger.

I think this is enough to sustain the relatively controlled rally for another 2 to 4 weeks.