Hello, guys. First of all, I am new here so let me know if this thread doesn't belong here or if there's any other administrative problem. As many traders in this forum have surely noticed, the oil price is hitting the new lowest point, although we are observing a sort of minor rebound at this point. However, I certainly believe that in the longer term--about in few weeks or months, the price will be stabilized at around $70, if not higher. To invest according to this logic, I was trying to find a suitable product, and I finally came down to "VelocityShares 3x Long Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return", which, in short, is UWTI. (I guess U stands for the "up.") I am wondering if anyone has ever invested his money in this etf and also questioning if it will be good idea to buy and hold this product for few months, until the price gets back to the normal range. If so, it will be great to let me know the things I should know before executing the transaction with my broker. Oh, and actually, I looked up in etf website and it said: "As a levered product, UWTI is not a buy-and-hold ETF; it’s a short-term tactical instrument. " So I am little hesitated to fully decide to invest. For those of you who wants the link, it's here: http://www.etf.com/UWTI Hope you guys can share some comments either on UWTI or on general opinion regarding the oil industry and/or oil-related investment products. Thank you so much in advance! Cheers.