Replies to post #236 on Citi VelocityShares 3x Long Crude Oil S&P ETN (UWT)

[fitzwell11]

Appreciate the input and share similar sentiment. We’ve been on a few commodities trades together. I believe this last down move ~$50 to ~$44 is pretty much entirely the black hole pull of the broader markets. I don’t see anyway forward in 2019 without a return to $60 oil. In the same way oil was over done at $77 (which has provided for a DWT move of $4.55 to $19) I believe we are now at that capitulation point here