Replies to post #6306 on VelocityShares 3x Inverse Crude Oil ETN (DWT)

[fitzwell11]

I think that pretty much all positive news is already factored in for the short term and the $70-72 range has some major resistances. The only thing that concerns me a little is how oil has completely unpaired from $USD. Either way, went in pretty heavy yesterday. Think a short term pullback is due.

$DWT

[FinalFrontier]

Careful here - they might have to R/S this ETF if it keeps falling.

There will be a good trade here in due time - at some point, the oil trend will reverse. I'm watching closely.

[benfrankledger]

$DWT Definitely not a lot of upside risk over the balance of the year, should actually see some considerable consolidation. The question trading $DWT is usually how soon it may happen, there is possible for geo-politics driving it higher short term but even now that is heavily baked into it.