Think Crude Oil Prices Will Rise or Fall?….VelocityShares 3X Long Crude Oil ETN available as a CFD!

by John Knobel

 

Crude Oil price jump higher on speculation of US - China Trade War Truce

  • WTI Crude Oil (CL) +2.7% higher last 5 days rising the most in 3 weeks
  • Progress on the US - China Trade Talks offering Oil investors and speculators hope that global demand may increase

VelocityShares 3x Long Crude Oil ETN offered as a CFD via FXGM

  • The underlying VelocityShares 3x Long Crude Oil ETN is an exchange-traded note issued by Citigroup Global Markets Holdings Inc. and guaranteed by Citigroup Inc.
  • The Underlying instrument aims to provide daily price exposure of 300% the movement of Crude Oil Futures
  • Source:  https://www.bloomberg.com/quote/UWT:US  /  https://www.velocityshares.com/etns/product/uwt/