For those of you that want to invest directly in crude oil AND you think we are very close to the bottom > check out UWTI.
VelocityShares 3x Long Crude Oil ETN (NYSE: UWTI)
It is a fund that is managed by Credit Suisse. It is highly leveraged to movement in West Texas Intermediate (WTI). Trading at $1.35 today, it should go to ~$30 if WTI moves back to $50/bbl.
Pull up a 2-year chart to see the potential upside. Check out the daily trading volume.
UWTI
Re: UWTI
Cant go to zero but can get very close very fast...
http://www.investopedia.com/articles/ma ... y-uwti.asp
http://www.investopedia.com/articles/ma ... y-uwti.asp