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ProShares Ultra Bloomberg Crude Oil

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Overview
Analysis News Ideas Technicals

UCO chart

Key stats

Assets under management (AUM)
675.326MUSD
Fund flows (1Y)
−323.597MUSD
Dividends Yield (FY)
—
Discount/Premium to NAV
−3.6%

About ProShares Ultra Bloomberg Crude Oil

Issuer
ProShare Advisors LLC
Brand
ProShares
Expense ratio
1.62%
Home page
proshares.com
Inception date
Nov 25, 2008
Index tracked
Bloomberg Commodity Balanced WTI Crude Oil Index
Management style
Passive
ISIN
US74347Y8883
UCO seeks double the return of its futures-based index on a daily basisreflecting both the returns due to price changes on WTI futures contracts as well as any return (positive or negative) from rolling those futures contracts. As a geared product, UCO is designed for a one-day holding period, it`s not appropriate for buy-and-hold investors. Daily compounding can lead to the fund`s returns varying significantly from those of the index over holding periods of greater than one day. UCO is a great choice for a leveraged energy play.

Classification

Asset Class
Commodities
Category
Energy
Focus
Crude oil
Niche
Laddered
Strategy
Laddered
Weighting scheme
Single asset
Selection criteria
Single asset

Analysis

What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%

Ideas

UCO a crude oil ETF LONGUCO popped in April and then dropped into a consolidation in May and June where it set up a base shown by the POC line on the volume profile. Once over the POC on July 6th on the daily chart coinciding with a golden cross on the HMA 56/210 combination the bull trend began. The dual time frame R
Long
by AwesomeAvani
2
Crude Awakening: Why Oil is Set to Explode Crude Oil has been in Wave 2 since June of last year, which is a corrective wave that typically follows a five-wave impulsive move. During this time, prices have been consolidating in a range, forming a base for the next impulsive move to the upside. Recently, Crude Oil bottomed out during the middl
Long
by UnknownUnicorn910751
UCO Weekly Fib & VWAPLooking for reversal upon the 0.618 or 0.786 zone, this chart is right in line with USOIL, unlike GUSH, which is lagging well behind USOIL. Building a solid bottom along the 0.618 level. If USOIL moves lower to the $72.00 range, we could see a prime entry at the 0.786 level on UCO of around $20.90.
Long
by JohnsonLamay
$UCO ready to go higher after retesting broken resistance?Notes: * Strong up trend due to macro situations * Printed a Pocket Pivot as it bounced off of broken resistance * Looks good on multiple time frames Technicals: Sector: Exchange Traded Fund Relative Strength vs. Sector: 3.02 Relative Strength vs. SP500: 4.05 U/D Ratio: 1.62 Base Depth: 56.08% D
Long
by HaseebKhan_90
here is why i am shorting UCO at 180 here is on of the reason why i am shorting $UCO at 180 , first of all ..... look at the graph ...uco had been trying to go over high 180 's 4 times and failed every single time , i think this time we are moving lower down to 150
Short
by juliothetrader
2
Bearhish wedge forming in UCOI see a good shorting opportunity in the future around late Jan to mid Feb. I'm waiting for similar overbought conditions of the indications as circled and a break of the wedge. Other things too look for is a break of supertrend and movement under hull. 200 day moving average (light pink line) sh
Short
by Lynxys

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Technicals

Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy