baxds
Long

UWTI headed to $28-30 in a week if dollar doesnt strenghten much

AMEX:UWTI   VELOCITYSHARES 3X LONG CRUDE ETN LINKED TO THE S&P GSCI CRUDE OIL INDEX EXCESS R
Today's oil             stockpiles report is bullish and possibly will have positive effect on the oil             price. Not really sure what caused such a draw in the supplies, but looks good. OPEC talks this month also will affect the price positively if we see some good headings. Taking these in consideration $50 oil             is not so far away, so is the $UWTI price of $30. Now the bad - USD is looking to strengthen, OPEC may not deliver with talks and we might go back to $43-44 oil             .
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