brianmontgomery
Long

Is UCO following a stair step pattern?

AMEX:UCO   PROSHARES ULTRA BLOOMBERG CRUDE OIL
uco
16 0 1
uco
Three times in the past couple of months UCO             has followed a stair type pattern where it will bounce off resistance, break the resistance and then use it as the floor for it's next "step" up in price. Will this pattern continue with the resistance level that was broken at the $13.00 mark?
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