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Bullboard - Stock Discussion Forum VelocityShares 3X Long Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return UWTIF

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OTCPK:UWTIF - Post Discussion

VelocityShares 3X Long Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return > ALERT! Oil futures manipulation? TA Experts needed on this
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Post by PROtrading on Nov 03, 2016 5:54pm

ALERT! Oil futures manipulation? TA Experts needed on this

This is a serious question for other chart readers and technical analysts.

There is a very interesting event that happened on the UWTI charts.  If you are trading oil and don't know about UWTI and DWTI, learn about them.  They directly impact oil futures.

At 3:59 pm, a minute to close, big money sold (or short sold?) 1.45M shares of UWTI (the 3x WTI bull ETN).  Trading at $18.53 or so USD.  That's a $27M USD trade!

You can clearly see it on the 1m charts for UWTI.  I know there are a few TA experts here that are usually drowned by trading 2bit manipulating clowns that live on scamhouse 24x7.

I'm hoping there are other here are are serious technical traders willing to provide a serious interpretation.  You can image what a trade like this does to charts and algos....

Any insights by expert willing to share their points of view on this?
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