Replies to post #6349 on VelocityShares 3x Inverse Crude Oil ETN (DWT)

[fitzwell11]

I agree. Playing this the last 15 months you realize that nothing has fundamentally changed with Iran, Venezuela, Libya, U.S. yet the news and trump have been enough to first justify $77 oil with analysts saying it was going to $100, then somehow 4 months after that, it was supposedly going to $30, now going back to $80. It’s just a constant pendulum and I’m on board for it. Iran sanctions, if even enforced, will be made up for by OPEC+ scaling back their recent cuts.

What will cause DWT to run is further news about the slowing global economy which cannot be avoided. Good luck