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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 10/17/2017 1:15:44 PM - Followers: 71 - Board type: Free - Posts Today: 9

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
#4541   Learning bit by bit here pleeb01 10/17/17 01:15:44 PM
#4540   +1 on that too. :-) kamakiri 10/17/17 11:41:44 AM
#4539   Exactly. :-) Nice to see you noticed! kamakiri 10/17/17 11:40:06 AM
#4538   Thanks Kam. pleeb01 10/17/17 11:39:22 AM
#4537   No,today is options expiry for Nov.Contracts always roll kamakiri 10/17/17 11:19:53 AM
#4536   Always.Less so now,with the ramp up in short kamakiri 10/17/17 11:17:43 AM
#4535   Hey Kam does does WTI roll over today? pleeb01 10/17/17 10:30:41 AM
#4534   So true BOS. As they say... “history may pleeb01 10/17/17 08:38:50 AM
#4533   No pattern works 100% percent BOS-MMT 10/17/17 08:28:40 AM
#4532   Black candle day on oil and ETF I’m pleeb01 10/16/17 11:17:52 PM
#4531   Kam, do you see a potential break out BOS-MMT 10/16/17 10:43:54 PM
#4530   switching out of D to U, looks like purty lines 10/16/17 12:26:35 PM
#4529   Good morning all watching oil try to hold pleeb01 10/16/17 09:47:56 AM
#4528   Could help the bears Monday? longymickshort 10/14/17 12:32:17 PM
#4527   The way things are going 100 bbl might longymickshort 10/13/17 09:05:48 PM
#4526   Was a great day today. Hope everyone has pleeb01 10/13/17 04:52:30 PM
#4525   I think crude oil looks strong. Big money BOS-MMT 10/13/17 02:40:55 PM
#4524   Maybe one more leg down toward the close. kamakiri 10/13/17 01:40:29 PM
#4523   lol.You cued the wrong DUMP! ;-) kamakiri 10/13/17 01:35:51 PM
#4522   Not all of them,but the downward swings have kamakiri 10/13/17 01:33:39 PM
#4521   I am pretty unlucky these days. Yesterday I BOS-MMT 10/13/17 01:21:37 PM
#4520   You got 55 in Brent a long time BOS-MMT 10/13/17 01:10:04 PM
#4519   I’m sure you’re grabbing all those sweet moves pleeb01 10/13/17 01:04:34 PM
#4518   Just watching today. At work early so no pleeb01 10/13/17 01:03:08 PM
#4517   Still good swings today!Trade it well,my friend! kamakiri 10/13/17 10:46:13 AM
#4516   OIL power UCO power power, show me dat toomuchmoney 10/13/17 10:03:24 AM
#4515   Totally agree. Took some nice gains playing both pleeb01 10/12/17 02:34:25 PM
#4514   Was a little greedy and set the short BOS-MMT 10/12/17 01:30:12 PM
#4513   ?!?!?! The turn was pretty clear!! kamakiri 10/12/17 12:56:22 PM
#4512   Whipsaw it was! Great day to play the swings! kamakiri 10/12/17 12:53:50 PM
#4511   Miss the chance. Sigh. Lol BOS-MMT 10/12/17 12:53:22 PM
#4510   Will re enter short at 51.1? Hmmm BOS-MMT 10/12/17 12:00:41 PM
#4509   OK...NOW que the dump...or at least a good dribble! purty lines 10/12/17 11:53:50 AM
#4508   yeah, but I'd like to see one more purty lines 10/12/17 11:44:12 AM
#4507   QUE DA DUMP! pleeb01 10/12/17 11:12:06 AM
#4506   Inventory drops but gasoline builds. Whipsaw or Cue BOS-MMT 10/12/17 11:03:47 AM
#4505   5mins to go! BOS-MMT 10/12/17 10:55:54 AM
#4504   Good morning Gents. Look like oil taking an pleeb01 10/12/17 07:15:01 AM
#4503   API Crude +3.1mm (-2.4mm exp) pleeb01 10/11/17 05:31:01 PM
#4502   Decent dump after the report.. kamakiri 10/11/17 04:38:28 PM
#4501   Hahahaha “Oaah Aachieee”!! pleeb01 10/11/17 02:53:06 PM
#4500   Look at the whole strip too. Less than kamakiri 10/11/17 01:33:51 PM
#4499   lol.I can think of other words... ;-) kamakiri 10/11/17 01:30:20 PM
#4498   Ok, thanks. There's about 0.30 contango right now between drt4nrg 10/11/17 12:50:01 PM
#4497   I'm reminded of what the great Archie Bunker purty lines 10/11/17 12:33:11 PM
#4496   It seems that there's been an effort to kamakiri 10/11/17 12:24:57 PM
#4495   Could be tomorrow or after API today. Give kamakiri 10/11/17 12:21:25 PM
#4494   Hey Kam, What is your expectation at this stage? drt4nrg 10/11/17 12:07:25 PM
#4493   Its gotta get below 50.60 solidly... purty lines 10/11/17 11:57:54 AM
#4492   Right on cue! ;-) now, is that gonna kamakiri 10/11/17 11:14:52 AM