Replies to post #40066 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[GuTA]

I still think the big dog in all of this is the 11/30 OPEC meeting and the narrative around it leading up to it. There's a lot of players (OPEC and non-OPEC) and a lot of noise. I think this will trump builds and draws over the next 30-40 days.

Data out of China showing increased demand is obviously bullish !