UCO Levels for the coming weeks $75 is the Target Long

ProShares Ultra Bloomberg Crude OilArca

Description

⋅ Feb 17, 2021 2:30 PM

Hope you enjoy this brief overview of the UCO Chart as we look to further levels of resistance and support. We are above both the 50 and 200 MA so well within our parameters for upside.

Comments

Adam458

⋅ Feb 17, 2021 3:02 PM

Judging by your chart, it's looking like early March?

swimmax

⋅ Feb 17, 2021 3:10 PM

@Adam458, The slow pace of this stock not sure. Very dependent on the price of oil we will do a correlation chart soon.