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Thanks a lot for that reply tradingtech, very informative. I recently sold my shares of UCO amd was now looking to get back in at about 8.80, it seems everytine it hits this number that it goes right back up to 9.15-9.20 on a day or two. Amy other info would be great. I have been scratching...

I went ahead and bought in, my average is $8.98. Hopefully I can sell soon. Thanks for all the replies.

I am thinking the same thing, I can possibly see it going up to the 12's but why would it go up to record highs with such low demand and high inventories. That just wouldn't make any sense, at least not to me.

Thanks for the response, what makes you believe it will break out into the $20's? 52week high is around $15 I believe.

Sorry didn't mean to reply three times, the post wasn't popping up.

Come on, someone has to have an opinion on the oil market. I read this is one of the best forums around to get advice.

Come on, I read this forum was the best on the I Internet for investing advice. Lete get one response, anything

Come onnn no one has any insight on oil? I read this forum was the best for investing info.

Hello, this is my first time posting on this forum. I am 23 years old and just did my first trade about a month ago. I bought around 550 shares of UCO at $8.53 and sold at around $10.50. I am again looking to buy back into UCO now that it has dipped below the $9 mark. Here is my question for...