Thursday, November 17

Today Credit Suisse announced that UWTI and DWTI would be retired effective on the 8th of December. I’ll have to see which ETF absorbs the daily volume in Oil interest before I think about making any further moves in that market – for now I’ll just limit my exposures to natural gas.

In that market UGAZ has been fluctuating wildly throughout the day, running fully between a high of 24.10 and a low of 22.80 several times throughout the day. I’ll need to spend more time looking into the consequences of becoming a pattern day-trader – it would have been profitable to play the volatility today, especially since I am confident that UGAZ will eventually target at least 24.50 this week.

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