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Forum - VelocityShares 3x Long Crude Oil ETN - UWTI   

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From: maybe (Rep: 93) reply to Stockguy89Date: 11/04/2016 10:21
Forum: VelocityShares 3x Long Crude Oil ETN - Msg #428Thread #673881974 (Rec: 0)
Re: UWTI heading towards 16. Getting a bit oversold here. Also there always seems...

Not to say UWTI is a bad buy right now, but its not possible for it to be oversold. Its a triple leveraged ETF. They dont have technicals.



The money is in the movement, not the direction.



Reply to Stockguy89 - Msg #2644134 - 11/04/2016 09:51

UWTI heading towards 16. Getting a bit oversold here. Also there always seems to be a bogus rumor right about this time to prop prices back up.
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser maybe: Reward | Watch | IgnoreUWTI: Ignore

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