Replies to post #33 on Citi VelocityShares 3x Long Crude Oil S&P ETN (UWT)

[Wrinkles]

OIH is way oversold and oil needs to bounce more here....BUT I also think overall mrkt is going down to mid 2300's next week and fair amount of the mrkt is comprised of energy companies.....So I'm conflicted about oil at the moment on what to do....Check the chart on OIH, clearly has bottomed and now ready to bounce, question is how high for oil?