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VelocityShares 3X Long Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return UWTIF

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OTCPK:UWTIF - Post by User

VelocityShares 3X Long Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return > Nice $24s on UWTI July 13 2016
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Comment by PROtradingon Jul 14, 2016 9:44am
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Post# 25051711

RE:RE:Nice $24s on UWTI July 13 2016

RE:RE:Nice $24s on UWTI July 13 2016
Roughrider27 wrote: No after hours updates PROtrading , actually enjoy the insight 


Sold cheapies 24s at 26s.... The general markets are strong but fragile it seems.

Market Traders are nervous as physical traders are having a great time securing cheap oil for the longer term....

Athough the immediate term oil is iffy, the longer term on oil points to supercycle in the coming years because investment dollars still is shy of oil because of the 2015 crash. In 2016, I'm trading oil on the long side on oil.  If you make a mistake, just sit on your shares for a bit.  I took some profits on cheap 24s but that's simply to get some dry power to get ready to reload.

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