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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 6/23/2017 7:05:51 PM - Followers: 70 - Board type: Free - Posts Today: 0

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
#2959   It usually plays as a reverse pattern. But BOS-MMT 06/23/17 07:05:51 PM
#2958   Going higher boys. The buy today was mrPiNK 06/23/17 06:21:28 PM
#2957   I feel the same Kam, but I agree, pleeb01 06/23/17 02:53:57 PM
#2956   Thanks,pleebs, but I think I could have played kamakiri 06/23/17 02:36:27 PM
#2955   Looks like NYMEXwant to close it b low $43 pleeb01 06/23/17 02:27:05 PM
#2954   Nice to see you doing your magic Kam. pleeb01 06/23/17 02:11:16 PM
#2953   Ric counts up again.+11 oil and +8US kamakiri 06/23/17 01:36:08 PM
#2952   nice spike and drop so far. kamakiri 06/23/17 01:35:17 PM
#2951   Whipsaw rules!Rolled some calls for more puts. kamakiri 06/23/17 10:13:09 AM
#2950   Hrm...just the start of the dump so far...GLTA! kamakiri 06/23/17 09:43:09 AM
#2949   No problem.It can also be a 'solid green' kamakiri 06/23/17 09:04:47 AM
#2948   Haha, let it be so Kam!! pleeb01 06/23/17 08:58:13 AM
#2947   Ok thank you. Just trying to get myself pleeb01 06/23/17 08:57:31 AM
#2946   Good morning,and cue the dump! kamakiri 06/23/17 08:54:17 AM
#2945   No, it's not the same as red.Shows on kamakiri 06/23/17 08:18:20 AM
#2944   Good morning all. Looking forward to a great pleeb01 06/23/17 07:11:49 AM
#2943   Hey Kam, when you say black candle is pleeb01 06/22/17 11:07:31 PM
#2942   UCO, USO, &UWT all printed black candles today...Good kamakiri 06/22/17 07:21:23 PM
#2941   Between now and Tues.,I think.I hope it's not overnight. kamakiri 06/22/17 03:52:31 PM
#2940   When do you think we will head lower? BOS-MMT 06/22/17 03:47:51 PM
#2939   :-) Very glad to help, pleebs! kamakiri 06/22/17 03:45:05 PM
#2938   Thank you for your insight and clarification Kam. pleeb01 06/22/17 02:54:56 PM
#2937   Cue Hurricane Doubledown75 06/22/17 02:47:43 PM
#2936   I agree Kam DWT paying nicely pleeb01 06/22/17 02:46:48 PM
#2935   Shoulder then down looks like...probably tap mid $42s kamakiri 06/22/17 02:09:05 PM
#2934   And there's that dip let see how it pleeb01 06/22/17 01:39:57 PM
#2933   Nice play Kam, I'm gonna hold onto these pleeb01 06/22/17 11:20:12 AM
#2932   Yeah...made enough to roll some calls. kamakiri 06/22/17 11:08:19 AM
#2931   Rebought all my DWT on that spike. pleeb01 06/22/17 11:07:11 AM
#2930   Think I'll start adding DWT here for overnight pleeb01 06/22/17 10:53:58 AM
#2929   Breaking is too brutal for bulls. 42 is BOS-MMT 06/22/17 10:17:17 AM
#2928   Looks like rejection at $42.97.Nice 'tweezer top' visible.No kamakiri 06/22/17 10:15:09 AM
#2927   Yes, looks like I'll be rebuying my DWT pleeb01 06/22/17 08:56:59 AM
#2926   Good morning,and agree about $43/short term trend line kamakiri 06/22/17 08:50:39 AM
#2925   I think it tests lower.Guessing intraday high hit kamakiri 06/22/17 08:46:57 AM
#2924   Good morning all. Hope everyone had a great pleeb01 06/22/17 07:20:06 AM
#2923   Think bottom is in... not feeling 42 gets GuTA 06/22/17 07:16:37 AM
#2922   Took profits on my DWT earlier. Looking to pleeb01 06/21/17 03:55:03 PM
#2921   Was trying to pick some UWT after covering BOS-MMT 06/21/17 02:43:52 PM
#2920   I'd do the same if I wasn't cashing kamakiri 06/21/17 02:01:01 PM
#2919   I agree Kam, I'm still considering taking profits pleeb01 06/21/17 01:59:00 PM
#2918   Missed this post,but low-$42 looks right! I didn't kamakiri 06/21/17 01:50:50 PM
#2917   :-D Also caught some+4.25X(+325%) intraday put action! kamakiri 06/21/17 01:46:49 PM
#2916   Good luck to you,as well Abuelo! Just kidding kamakiri 06/21/17 01:42:05 PM
#2915   I was preparing for a bounce,but I'm rethinking kamakiri 06/21/17 01:38:16 PM
#2914   Yea, i might need to reconsider that tgt. Abuelo 06/21/17 01:32:43 PM
#2913   Time to load:) Doubledown75 06/21/17 01:28:13 PM
#2912   Yes just saw it Kam holy moley!!! There pleeb01 06/21/17 01:01:24 PM
#2911   I feel a bounce this week... a low GuTA 06/21/17 12:59:24 PM
#2910   :-D Smart! Got some triple-doubles myself!! kamakiri 06/21/17 12:57:21 PM