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Forum - VelocityShares 3x Long Crude Oil - UWT   

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From: mykD (Rep: 15) reply to mykDDate: 11/21/2018 14:29
Forum: VelocityShares 3x Long Crude Oil - Msg #71Thread #674049015 (Rec: 0)
The game changer could be this whole Khashoggi thing; if Trump's continued support of the Kingdom is contingent on them NOT cutting production and they comply, then WTI will utterly collapse.Re: if you stay patient, this will pay BIG. I'm assuming we'll get production cut...



...and I'm about to get money!


Reply to mykD - Msg #2762819 - 11/21/2018 13:14

if you stay patient, this will pay BIG. I'm assuming we'll get production cuts out of the middle east and maybe even Russia. And once the traders start to factor in the expiration of the Iran waivers, crude will be back up to $70-80, which will put UWT around $50 ($18 now) Re: Crude oil up 5%. Goldman sticking with $75 target.
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