Replies to post #3264 on ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[temp luvs amy]

I'm not a big fan of Global Warming, but if winter is too warm, I could see 37. My long term trend line comes in about 43.5. Overproduction? Ok. We could go lower. Consistent drawdowns, I don't see it.

[temp luvs amy]

BTW, I was thinking 35 a few months ago. The support in the low forties changed my mind, and gave me the trendline.

I'm buying oil and energy equities. Trading a bit for quick hits, but mostly long.