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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 12/9/2016 2:27:30 PM - Followers: 58 - Board type: Free - Posts Today: 23

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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#829   This last minute action is always telling. pleeb01 12/09/16 02:27:30 PM
#828   Amen to that. pleeb01 12/09/16 01:59:28 PM
#827   Same here,my friend! It's been consolidating long enough! kamakiri 12/09/16 01:33:35 PM
#826   I would love to see WTI test $52 today. pleeb01 12/09/16 01:12:02 PM
#825   Oil Rigs:+21 to 498.US rigs:+27 kamakiri 12/09/16 01:08:10 PM
#824   Janus steps up with new triple-leveraged oil ETNs pleeb01 12/09/16 11:08:54 AM
#823   Let's hope the meeting goes well this weekend. UP Trend 12/09/16 11:05:00 AM
#822   New 3x long oil ETN coming form Janus. pleeb01 12/09/16 11:03:48 AM
#821   Calling todays top at $11.20ish. Have fun Abuelo 12/09/16 10:40:31 AM
#820   oil intraday breakout afoot toomuchmoney 12/09/16 10:38:37 AM
#819   Looking great. pleeb01 12/09/16 10:09:14 AM
#818   "all in" there is no better way to ride toomuchmoney 12/09/16 10:08:30 AM
#817   I'm all in and eyes on TMM pleeb01 12/09/16 09:57:02 AM
#816   oil rising, wont take much toomuchmoney 12/09/16 09:55:48 AM
#815   Agree, 12's would be a great weekend. pleeb01 12/09/16 09:51:07 AM
#814   Loading low 11's yes yes longymickshort 12/09/16 09:47:02 AM
#813   oil nice, I like to see a power toomuchmoney 12/09/16 09:40:39 AM
#812   Nice strong start pleeb01 12/09/16 09:39:13 AM
#811   never felt it would be toomuchmoney 12/09/16 09:30:31 AM
#810   Not disappointing today another strong Friday on tap. longymickshort 12/09/16 09:28:55 AM
#809   looking for nice blast on $11.50 springbord, abuela, toomuchmoney 12/09/16 09:21:45 AM
#808   Short Squeeze Alert ! My orders in @ Abuelo 12/09/16 08:53:07 AM
#807   Good morning UCO is looking fine so far. pleeb01 12/09/16 06:11:52 AM
#806   Oh my ! looks like $14. will be Abuelo 12/08/16 07:35:36 PM
#805   agreed.looking forward to tomorrow! kamakiri 12/08/16 05:55:22 PM
#804   Nice action in the AH pleeb01 12/08/16 04:56:40 PM
#803   Great day at the office Gents, off I pleeb01 12/08/16 04:12:33 PM
#802   i think that was supposed to be private lol toomuchmoney 12/08/16 03:55:04 PM
#801   Guess we have to wait until tomorrow to pleeb01 12/08/16 03:51:10 PM
#800   Wasn't thinking you were selling! Just saying I kamakiri 12/08/16 03:49:24 PM
#799   Already passed CD payout --in one day!! conelda 12/08/16 03:18:35 PM
#798   nice chatter here, I like this BULL room toomuchmoney 12/08/16 03:01:03 PM
#797   Didnt say I was selling lol just longymickshort 12/08/16 02:48:14 PM
#796   Did I just see a HOD close? Nice!! pleeb01 12/08/16 02:31:28 PM
#795   Let see this run above 51 WTI pleeb01 12/08/16 02:05:27 PM
#794   UCO $11.50 will be interesting toomuchmoney 12/08/16 01:59:35 PM
#793   Talk about the greatest show on earth.. pleeb01 12/08/16 01:46:55 PM
#792   That would be oh so nice. pleeb01 12/08/16 01:45:55 PM
#791   OIL looking good very good, could retest $52plus toomuchmoney 12/08/16 01:43:33 PM
#790   I've got a sell order in at 11. Sugrdady 12/08/16 01:20:34 PM
#789   I'm sweating hahaha pleeb01 12/08/16 01:17:57 PM
#788   fatigue? NEVER! Lookit that run! kamakiri 12/08/16 01:05:04 PM
#787   UCO / OIL toomuchmoney 12/08/16 01:02:59 PM
#786   the weak make few the dead make none... toomuchmoney 12/08/16 12:25:51 PM
#785   I know you love that haha im glad longymickshort 12/08/16 12:16:39 PM
#784   I saw it all happen, made a millvanilli toomuchmoney 12/08/16 12:10:11 PM
#783   My take:still up, then down. Good luck guys! kamakiri 12/08/16 12:06:46 PM
#782   I'll take either...Loving the whipsaw movements! kamakiri 12/08/16 12:06:11 PM
#781   Chart looked like it was gonna bounce of longymickshort 12/08/16 12:03:54 PM
#780   Nice getting exercise and making bank!!! Only way pleeb01 12/08/16 11:57:24 AM