Replies to post #168 on Crude Oil Discussion Board

[JohnCM]

One trade I want to repeat(Last time I bought a leveraged BULL 3X ETF when CRUDE was down around the 20's).

Well here we are again. I did not have the guts to buy an inverse ETF because I did not know how traders would view the "historic" CRUDE oil production cuts. Now it's obvious.

I'll buy the ETF at CRUDE $20.00 $19.00 $18.00 $17.00 $16.00 $15.00.

CRUDE should go lower than $15.00 but I don't see the markets letting that happen.

[JohnCM]

NRGU

My first buy is right here with CRUDE below $20.00

But if you look at NRGU it was up after hours. I am waiting for $2.00.

And $1.75 and if you are lucky $1.50.

Simply hold until CRUDE rebounds to $30.00 within 3 months. for a double.

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The return on the MicroSectors™ U.S. Big Oil Index 3X Leveraged ETNs (3X ETNs) is linked to a three times leveraged participation in the performance of the Index, compounded daily, minus the applicable fees. The ETNs provide levered exposure to the Solactive MicroSectors™ U.S. Big Oil Index. The Solactive MicroSectors™ U.S. Big Oil Index, an equal-dollar weighted index, was created by Solactive AG in 2019 to provide exposure to the 10 largest U.S. energy and oil companies. MicroSectors™ provide concentrated exposure to 10 stocks in a given sub-sector, or “microsector”.

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