Velocity Shares 3X Long Crude trades on The New York Stock Exchange closing the July 1 2015 session down 11.96% share prices ranged from a low of $2.83 to a high of $3.11 with a daily volume of 69.13M.
Shares of $UWTI just murdered on Wednesdays trading session down over 10%, but this real question is with the entire sector breaking down should be looking for a bottom-feed or but the back up and see how the chart plays out going into next week. As we closed today’s trading session, I saw a great opportunity to go in long over night as the chart is due for some-kind of intra-day bounce as the bell rings Thursday, but its all up to the dollar. Now we have broken the recent price range to the downside and if your still bullish on this one watch for it to hold above $2.80 and start to grind back up past the $3 level.
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A look at the daily and weekly UWTI charts. Questions, comments welcome. Please Signup for a free trial on our website to learn Technical Analysis:
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