what if WTI continues downward trend next week and drops 5-10% Do you have a stop loss? I am thinking of selling this if WTI drops below 44.5 next week. Any thoughts?
keltus1952 - I am in UWTI at 3 but I am worried this thing may keep dropping. What is your exit strategy? thanks in advance for your reply.
Thanks for the reply.
I have read stuff where oil contango can change the correlation between WTI and uco. I do not quite understand it....do you understand and is it possible that UCO price may be lot lower even if WTI is at 60-65 by the end of the year
Will UCO be ~$35 if oile goes back to $100 in 2 years?