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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Moderator: toomuchmoney, zsvq1p, pleeb01, longymickshort, kamakiri
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Last Post: 9/21/2017 5:18:56 PM - Followers: 71 - Board type: Free - Posts Today: 10

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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#917  Sticky Note Anatomy of a UCO costless collar: kamakiri 12/13/16 12:51:43 PM
#4331   They were talking about not only extending cuts longymickshort 09/21/17 05:18:56 PM
#4330   I remember LMS posting that a while back. pleeb01 09/21/17 03:58:23 PM
#4329   Alright, I guess many people here missed one BOS-MMT 09/21/17 03:45:47 PM
#4328   No,not 3 or 4. Just today. Monday was kamakiri 09/21/17 02:49:29 PM
#4327   I mean 6, lol BOS-MMT 09/21/17 02:20:34 PM
#4326   It has black candles for about 3 to BOS-MMT 09/21/17 02:19:38 PM
#4325   :-D That's what I say! kamakiri 09/21/17 02:18:10 PM
#4324   Today is forming a 'black candle' on WTI kamakiri 09/21/17 02:14:33 PM
#4323   Sounds like a great reason to que the dump! pleeb01 09/21/17 12:20:26 PM
#4322   Yesterday is the last trading day of Oct BOS-MMT 09/21/17 09:47:37 AM
#4321   EIA charts are interesting: kamakiri 09/20/17 03:16:55 PM
#4320   Agreed and thanks! Only small green for me kamakiri 09/20/17 03:13:10 PM
#4319   Close below 50.8 may indicate further down. Hmm, BOS-MMT 09/20/17 02:36:03 PM
#4318   :-D Nice move to the close. kamakiri 09/20/17 02:25:16 PM
#4317   Just a little hedge could've kept you in kamakiri 09/20/17 12:54:51 PM
#4316   UCO toomuchmoney 09/20/17 12:31:14 PM
#4315   Stopped out. Hmm, unlucky day BOS-MMT 09/20/17 12:30:18 PM
#4314   Shorted some around 50.73! Kind of risky, but BOS-MMT 09/20/17 11:46:04 AM
#4313   Fed meeting today, will be interesting to longymickshort 09/20/17 10:52:08 AM
#4312   Yeah,agreed.I still realize that once the consolidation is kamakiri 09/20/17 10:51:43 AM
#4311   Cue that DUMP! :-D kamakiri 09/20/17 10:45:58 AM
#4310   Right should retrace this leg up but as longymickshort 09/20/17 10:37:53 AM
#4309   4.6 mil build. more than expected. should bring purty lines 09/20/17 10:32:49 AM
#4308   QUE DA DUMP! pleeb01 09/20/17 10:31:53 AM
#4307   Just like this...up before the report. Spike up kamakiri 09/20/17 10:21:45 AM
#4306   Exactly. Just hope to be right about the kamakiri 09/20/17 10:20:05 AM
#4305   Right that spread narrowed pretty quick went Poof. longymickshort 09/19/17 07:51:04 PM
#4304   Which side are looking for? Breaking up or down? BOS-MMT 09/19/17 04:45:00 PM
#4303   Perfect. Good opportunity for tomorrow. kamakiri 09/19/17 04:43:58 PM
#4302   Inventarios API: Crudo +1.443MM, Gasolina -5.063MM, BOS-MMT 09/19/17 04:38:22 PM
#4301   Thanks Kam, I'll need to go over it pleeb01 09/19/17 12:52:39 PM
#4300   Anything that lets you compare both simultaneously over kamakiri 09/19/17 12:42:02 PM
#4299   Of course, I see the dump coming in pleeb01 09/19/17 12:34:40 PM
#4298   Where is the best view in you opinion? pleeb01 09/19/17 12:32:31 PM
#4297   Look at history for the answer. kamakiri 09/19/17 12:27:30 PM
#4296   I think it's being propped up. WTI isn't kamakiri 09/19/17 12:25:45 PM
#4295   DUMP! ;-) kamakiri 09/19/17 12:19:09 PM
#4294   Looks like dump time shortly!!! pleeb01 09/19/17 12:03:03 PM
#4293   I was just going ask a similar question. pleeb01 09/19/17 11:35:15 AM
#4292   Any idea why Brent is so strong? Need BOS-MMT 09/19/17 11:16:12 AM
#4291   More like consolidation so far. We need break BOS-MMT 09/19/17 11:09:04 AM
#4290   Yes, the dump is here. ;-) kamakiri 09/19/17 10:53:22 AM
#4289   Yesterday was first day after option expiry (oct kamakiri 09/19/17 10:52:31 AM
#4288   Cue the dump? See some bearish divergence, but hmmm BOS-MMT 09/19/17 09:35:53 AM
#4287   Any idea what it is happening now? Looks BOS-MMT 09/18/17 01:48:56 PM
#4286   Natural gas is on fire. That is part BOS-MMT 09/18/17 12:48:02 PM
#4285   Hmmm, gap closed. I would say everything is BOS-MMT 09/18/17 12:20:19 PM
#4284   Now for the DUMPING to commence. pleeb01 09/18/17 11:19:56 AM
#4283   Thanks for that Kam. I was thinking the pleeb01 09/18/17 11:17:57 AM
#4282   MM spreads are up and the short pressure kamakiri 09/18/17 11:14:21 AM