I don't know. When oil was 42.00 time, this was 1.79. Oil went to 62.00 within two months and this went to 4.20. So if this is at 1.00, this time at 42.00 and oil goes to 62.00 then I would expect this to go slightly above 2.00, but 80.00 by next summer would probably put this at 3.00. It all depends on how fast oil moves back up. This is dangerous as hell with the decay built in. You almost have to time the bottom and short term top perfectly to win.
If oil falls to 25.00 then that would put UWTI around .10. Don't think for a minute that this cannot happen because it can. If the markets start tanking, and it looks like they want to, WTI could very well fall to 25.00 quickly from here. Now, if it did, I would say that it would be the buy of the century.
More like 70.00 by next June.
WOW! OIl starts to make a move and bashers pop up everywhere..... stories start popping up all over the web about lower prices coming..... !!!
Very likely. Too many retail investors buying. The more they buy the lower oil will drop. UWTI goes under 1.00.
Where does that approx put UWTI? What about 35.00 Oil? This is what really scares me about UWTI is that you have to nail it right on the bottom or you are screwed!