Lanmar
Short

Massive break down in the inverse Crude ETF signals higher oil

AMEX:DWTI   VELOCITYSHARES 3X INVERSE CRUDE ETN LINKED TO THE S&P GSCI CRUDE OIL INDEX EXCES
oil
211 5 7
oil
If this weekly candle is confirmed this becomes a high probability scenario to reach targets.

Long term view on oil - Use DWTI as indicator for long entry
ChimbOt PRO
8 months ago
Does etf follow oil or oil follow etf?
Food for thought :)
Reply
Lanmar PRO ChimbOt
8 months ago
ETF is the derivative of oil. ETF follows
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ChimbOt PRO Lanmar
8 months ago
So charting an ETF is essitently useless
Reply
Lanmar PRO ChimbOt
8 months ago
Maybe for you. It's been extremely valuable for me.
Reply
Lanmar PRO ChimbOt
8 months ago
Sorry, I am sure you were being facetious there. I found the derivatives could be used as very good indicators.
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