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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 1/21/2017 12:12:05 AM - Followers: 65 - Board type: Free - Posts Today: 1

ProShares Ultra DJ-AIG Crude Oil UCO ETF seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the The Dow Jones-AIG Crude Oil Sub-Index , a sub-index of DJ-AIG Commodity Index NYMEX Crude Oil  (Symbol:DJAIGCL) is intended to reflect the crude oil segment of the commodities market.  The Dow Jones-AIG Commodity Index is valued using the settlement prices for the underlying futures contracts.  The DJ-AIGCI rolls its contracts over the course of 5 consecutive business days, starting on the 6th business day of the month. Each day, 20% of each futures position that is included in the month's roll is rolled.  Not all contracts are rolled every month.  UCO Daily HoldingsNAV History spreadsheet; Premium/Discount AnalysisSEC
Futures Contract Page

Charts Daily, 3 Month and 6 Month



UCO Chart by Finviz
BLUE LINE is support PURPLE LINE is resistance



Other neat charts on WTIC or UCO
Long Term Chart

WInd Charts by TA
60 minute Chart
1 minute Chart

Candle Charts by American Bulls
UCO Candle Charts


Does this ETF achieve Objectives? 

YES! because it only tries to achieve on a  Daily bases and does trend the

The Dow Jones AIG Crude Oil Index

 The Dow Jones AIG Crude Oil Index compared to the UCO ETF 5 day and 1 day
Comments: It does not mimic WTIC. Analysis the Perf Chart  Carefully!


Performance Results by % vs WTIC vs USO vs UCO

   West Texas Intermediate Crude  US Oil Funds designed to Follow Oil  Ultra Proshares ETF Double Oil



Contango, Backwardation and Rolling Factors

Contango Vs. Normal Backwardation

 ETF Rolling in Contango

NOTE: UCO or The DJ-AIGCI rolls its contracts over the course of 5 consecutive business days, starting on the 6th business day of the month.

Some Argue that leveraged Funds are Risky because of the "Compounding Effect" 

Example using $100 Starting investment:

Day 1 Value gaining 10%  is $100 x 1.10 = $110.00
Day 2 Value losing  (10%) is $110 x  .90 =    $99.00
Day 1 Value Loses (50%) is $100 x  .50 =  $50.00
Day 2 Value gains  50%  is    $50 x 1.50 =   $75.00

Comments: If you understand that this ETF objective is to trend Dow Jones-AIG Crude Oil Sub-IndexSM and not West Texas Intermediate Crude  (WTIC), then you will understand  the above argument applies for any stock.  The rolling is the for the index is same as for UCO.


 Danny Penney from Stockcharts (He Uses EMA 15 and 9 for USO assume same for UCO)



Dan Penney


Eliminate the daily noise...Trading decisions should be made on the basis of changes in price, it's really that simple. The method shown in these charts attempts to identify the best EMA's for each symbol, providing maximum gains with minimum effort and trading. No system is perfect 100% of the time, but when you consider these charts I think you'll agree that this trading method works. PLEASE VOTE FOR ME IF YOU LIKE WHAT YOU SEE..

Cheers, Dan


P&F Chart

P&F Charts




Other U.S. Futures Oriented Oil Related ETF's and ETN's

Long Oil  Goldman Sachs Crude Oil Return Index OIL ProShares Ultra DJ-UBS 2X Crude Oil UCO PowerShares DB Oil Fund DBO United States 12 Month Oil Fund USL PowerShares DB Crude Oil Long ETN OLO
Short Oil  The United States Short Oil Fund, LP DNO ProShares UltraShort DJ-UBS 2X Crude Oil SCO PowerShares DB Crude Oil 2X Short ETN DTO   PowerShares DB Crude Oil Short ETN SZO




OIL...ETF List
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Current Price
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#917  Sticky Note Anatomy of a UCO costless collar: kamakiri 12/13/16 12:51:43 PM
#1296   Have a good weekend everyone. I hope everyone pleeb01 01/21/17 12:12:05 AM
#1295   Trump longymickshort 01/20/17 08:34:29 PM
#1294   Cue the... kamakiri 01/20/17 02:06:53 PM
#1293   Had some short action until I pulled the longymickshort 01/20/17 01:56:44 PM
#1292   Oil rigs:+29 to 551.We still need more.US Rigs:+35to694. kamakiri 01/20/17 01:29:52 PM
#1291   Twice. ;0) Now to see if I can kamakiri 01/20/17 12:53:19 PM
#1290   Missed by .14 Ill take it whos your longymickshort 01/20/17 12:33:39 PM
#1289   Target hit. Bullseye. longymickshort 01/20/17 11:59:58 AM
#1288   Almost getting too easy :) longymickshort 01/20/17 11:59:17 AM
#1287   UCO ;O) toomuchmoney 01/20/17 10:24:37 AM
#1286   Same to you Kam. Looks good so far. pleeb01 01/20/17 09:56:52 AM
#1285   Good morning, crude still having trouble with the kamakiri 01/20/17 09:53:01 AM
#1284   Sold 1/27 UCO 22.50c @ .50 from .25 GuTA 01/20/17 09:46:43 AM
#1283   Good morning Gents. Looks like a nice start pleeb01 01/20/17 09:20:25 AM
#1282   Slippery day which way do we go big longymickshort 01/19/17 10:43:53 PM
#1281   Time to start adding more here. pleeb01 01/19/17 03:54:17 PM
#1280   UCO ;O) toomuchmoney 01/19/17 03:52:52 PM
#1279   Agreed.Cue the dump in 3..2...1... kamakiri 01/19/17 01:54:28 PM
#1278   I think this is just bouncing as we GuTA 01/19/17 01:27:05 PM
#1277   Might be one more bounce off'minor'support.Shorts pushing for kamakiri 01/19/17 10:50:52 AM
#1276   Good morning Gents, should be a good day pleeb01 01/19/17 08:04:06 AM
#1275   Nice reversal off the lows today. Tomorrow and pleeb01 01/18/17 06:56:01 PM
#1274   Loaded up today longymickshort 01/18/17 05:50:40 PM
#1273   Oil: -5.042MM.Gasoline: +9.75MM.Distillate: +1.17MM.Cushing -1.01MM. BOS-MMT 01/18/17 04:46:30 PM
#1272   UCO ;O) toomuchmoney 01/18/17 04:04:01 PM
#1271   That's part of my plan.Buy,as I sell/roll-down protection. kamakiri 01/18/17 10:47:29 AM
#1270   Thanks Kam, will keep a close eye and pleeb01 01/18/17 10:37:50 AM
#1269   Good morning,pleebs!But I'm reading it the other way kamakiri 01/18/17 10:25:29 AM
#1268   Good morning Kam, TMM, and all looks like pleeb01 01/18/17 09:08:57 AM
#1267   Like I said. Right to NYMEX close. kamakiri 01/17/17 02:31:48 PM
#1266   Big shorts,right on cue... kamakiri 01/17/17 02:24:12 PM
#1265   Saudis saying cuts will not need to be longymickshort 01/17/17 10:17:19 AM
#1264   Yeah it was a long weekend good to longymickshort 01/17/17 10:05:07 AM
#1263   Good morning Gents, hope everyone had a nice pleeb01 01/17/17 09:36:35 AM
#1262   strong oil up, luvin this UCO toomuchmoney 01/17/17 08:23:16 AM
#1261   Anyone think will hit 50's Slick Mic 01/16/17 05:34:00 PM
#1260   I'm still waiting on the Trump oil trade longymickshort 01/14/17 10:42:35 PM
#1259   Short everything but oil, the market is set toomuchmoney 01/13/17 05:39:24 PM
#1258   Looks like the bid/ask prices on UCO2 options kamakiri 01/13/17 03:27:41 PM
#1257   Rolled some ITM puts forward a week. kamakiri 01/13/17 01:53:09 PM
#1256   Still counting on the drop/dip here. kamakiri 01/13/17 01:52:10 PM
#1255   Rigs down by 7 hmmm?? pleeb01 01/13/17 01:17:33 PM
#1254   Yeah you can see the churn going on longymickshort 01/13/17 11:30:03 AM
#1253   I'm seeing some of the same stuff. I kamakiri 01/13/17 11:10:27 AM
#1252   UCO/Rollover to March done.Shorts have 'til Tues to kamakiri 01/13/17 11:06:23 AM
#1251   Nope... they just put the $11p back into GuTA 01/13/17 10:44:18 AM
#1250   Not gonna call it a'win'just yet.Looking promising so far. kamakiri 01/13/17 10:42:44 AM
#1249   That stinks. Fixed yet? kamakiri 01/13/17 10:40:19 AM
#1248   Hahaha ummmm oops! pleeb01 01/13/17 10:02:51 AM
#1247   you 10 days off mcfly toomuchmoney 01/13/17 08:25:40 AM