Replies to post #1041 on PowerShares DB Crude Oil DXO (DXO)

[trade2much]

itlogic ref. the FAS, FAZ dilema they seem to change % drop or increase every few days, I have had both in and out for some time but haven't had FAZ for a couple months now.

Though you can lose up to 40% in a day you may well gain it back in a few more days to break even, but shorting now is chasing a train you are right on that.

Like you said shorting when the Fed is supporting the sector, doesn't show much promise as a trend, though it may on a given day. For now the volatility is quieting down a lot, but the trend is gradually up unless the apple cart really gets screwed up.

Good luck, but my money is with FAS/UYG/DXO until something changes

[strongtower]

I really don't know. I received a letter the other day from a suposed profesional that said it would dip to 50 per barrel but I have seen it do the opposite. I would say anywhere between 3.25-3.50 I mean oil is not going down espcialy since summer is coming. I saw one of Captains post the other day talking about Florida's waters are unusaly hot meaning a probality of a big hurricane year. If that happens then oil will skyrocket

Last year one hurricane alone sent our gas to 5.00 per gallon. The hurricane that hit Galvaston, TX last year.