by July very easily.
I honestly beg to differ. Crude oil has been hit hard this week and it is a matter of time before the short selling stops, I expect a short cover rally soon and you will see UCO $31 - 32 within days. July $32 calls at 50 cents looking very good.
Sentiment: Strong Buy
That seems reasonable and don't forget the effect a major hurricane headed for the gulf can have on oil prices.