RE:Profit trader is a foolWe are going to break the 40$ seal this week. Oil has been in the lower 30's/20's for 4 or 5 months now. It is not sustainable, I predict a slingshot effect, and it is already happening. I think short term we are going to see 50$ oil. Many companies have slowed or stopped production completely during the last half year. Good times to be in oil, this etf is going back to 7$ sooner than most think.