Looking to throw some decent money at UWTI. Why? Cause oil is down at its lows and i believe that it is at a good price to be long. With oil catching a bid in the futures market all you really need is todays gains to hold to establish a base on oil. If oil holds its futures gains it will give everyone a line in the sand to set up their risk reward. Been stalking this trade for awhile and of course you will hear the chatter of oil at 30, 20, 0. However, we were hearing the same noise last time it was floating in these levels and next thing you know they are screaming oil to 75, 85, 95. bottom line, it bounced here before, and it can do it again. going long with my stop being 1.30