RE:How to break even if possible? Can anyone explain?
Not very likely since it is 1x and no longer 2x leveraged. Sell and buy HEU oil ETF which is based on oil stocks not oil futures. Oil stocks are rebounding while oil futures have already destroyed most oil futures based ETFs beyond repair. Without it being 2x leveraged it most likely would take $80-100 barrel prices which is highly unlikely this year.