Replies to post #3357 on ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[toomuchmoney]

lol, damn those fundamentals lol, screens went down for me so my day is unfortunately over, slipped out low 16's,

UCO! AINT NUTHIN BETTER

;O)

[Swing Party]

10m drop.

1) Most was exported.
http://blogs.platts.com/2017/07/17/us-crude-exports/

2)Saudi shipping curtailment is starting to show up at GM terminals

3)Recent adds from SPR masked the size of some of the more recent draws

That oil that is being shipped from all the exporting companies has to go somewhere, but where? The glut can't clear that fast. I smell a shorting opportunity