UWT: It Is Time To Buy Crude Oil

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About: VelocityShares 3x Long Crude Oil ETN (UWT)
by: QuandaryFX
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QuandaryFX
Short-term horizon, currencies, commodities, long/short equity
Summary

Crude markets are strongly bullish across every major fundamental factor.

Supply remains tight while demand is surging which is leading to a shrinking balance.

Roll yield for UWT is strongly positive due to backwardation in both Brent and WTI.

Through delivering a 60% return in 2019, the VelocityShares 3x Long Crude Oil ETN (UWT) proved its merits to shareholders as an instrument able to capture the bullish trend in crude oil. In