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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 > What's UWTI with oil at $40, $45 and $50?
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Post by cyclewatch on Mar 05, 2016 1:51am

What's UWTI with oil at $40, $45 and $50?

Trying to figure this out....  Any help would be greatly appreciated!
Comment by canuckoilbull on Mar 15, 2016 2:09pm
Doesn't quite work like that... it depends on how long it takes for the position to get there. It isn't a linear gain because of the 3x daily component. Take a look at the 5 year chart.
VelocityShares 3X Long Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return
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