AMEX:DWTI   VELOCITYSHARES 3X INVERSE CRUDE ETN LINKED TO THE S&P GSCI CRUDE OIL INDEX EXCES
137 4 2
Although DWTI             (3X inverse crude ETN             ) do not really depict the exact inverse co-relation of the crude oil             (in red) but i do notice that it is just about getting euphoric base on my emotional indicator.

I suspect a final celebration of around 130 which also means that crude oil             would take another K.O. punch from the bull before a retracement (be it weak or strong)

Whether or not DWTI             needs to develop another higher high with bearish divergence in MACD (just like the previous bullish divergence situation) for crude oil             to finally pick up the real bullish pace remains yet to be seen as it takes months.
jangseohee
2 years ago
snapshot
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Lanmar PRO
2 years ago
I think it can. Notice bearish head and shoulders pattern it's currently showing. Price is running into the neck while crude looks like it may be finding some bottom. In addition to that, UWTI looks good here as well.
+1 Reply
jangseohee Lanmar
2 years ago
i update frequently via this post
CL1!, reaching for 38-39?
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jangseohee
a year ago
snapshot
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