Replies to post #39383 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[lambchops]

You can't use the regular chart patterns for oil. Every time one does, s/he gets in to early or too late thinking resistance levels, etc.

There's too many geopolitical factors, rumors, and market manipulation with oil futures.

As I said, watch what the players say and do and be ready to zig n' zag! Sometimes the horse doesn't want to go where you want it to!

Watch for a squeeze on the shorts this coming week. UWTI will go higher IMO.


UWTI