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Here Is The ETF Liquidation That Sent Shockwaves Through The Crude Oil Market 

By: capt_nemo in POPE IV | Recommend this post (1)
Fri, 12 Feb 16 11:50 PM | 91 view(s)
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A week ago we exposed the real reason for the "crazy volatility" in crude oil markets, and specifically the driver of the immense rally (despite weak data) in crude - a massive liquidation of the triple-inverse ETF DWTI. Today we have another mysterious, even larger spike in crude oil prices (for no good reason other than 'old' misunderstood rumors about OPEC production cuts). The driver, it would appear, is another liquidation as the ETF trades at a huge discount to NAV. The last time this happened, it didn't last.

We saw the same actin last week (and the delayed data exposed the liquidation)... it's happening again...

http://www.zerohedge.com/news/2016-02-12/here-liquidation-just-sent-shockwaves-through-crude-oil-market




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