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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 11/24/2017 12:45:29 PM - Followers: 72 - Board type: Free - Posts Today: 4

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
#4749   15 minutes left to board, UCO train $25 toomuchmoney 11/24/17 12:45:29 PM
#4748   yes yes yes! toomuchmoney 11/24/17 11:16:25 AM
#4747   oil you gonna show me $60 $61 $62 $63? toomuchmoney 11/24/17 09:33:21 AM
#4746   sweet gush OIL WTI UCO rockin baby toomuchmoney 11/24/17 06:58:50 AM
#4745   Happy thanksgiving to all, bulls bears. No matter. pleeb01 11/22/17 09:40:51 PM
#4742   Hmmm inventories increased...? Did I read that correctly. pleeb01 11/22/17 10:35:26 AM
#4741   Let see what we get today. Trade well all. pleeb01 11/22/17 10:31:47 AM
#4740   lots and low toomuchmoney 11/22/17 09:56:46 AM
#4739   thought for the board, what will hit $100 toomuchmoney 11/22/17 07:43:04 AM
#4738   couple steps away from UCO 25 baby! toomuchmoney 11/22/17 07:34:57 AM
#4736   it is very good, irrelevant really toomuchmoney 11/21/17 05:44:00 PM
#4734   OIL/UCO if you aint long you be gone toomuchmoney 11/21/17 03:49:04 PM
#4733   yes yes yes! toomuchmoney 11/21/17 03:48:01 PM
#4732   60 70s coming oil??? toomuchmoney 11/21/17 11:57:13 AM
#4731   big week indeed, toomuchmoney 11/21/17 10:50:10 AM
#4730   Looks like reasonable support around mid 52s. purty lines 11/20/17 01:01:56 PM
#4729   Oil will tank longymickshort 11/20/17 12:18:31 PM
#4728   The Christmas trade stay tuned. longymickshort 11/20/17 02:53:14 AM
#4727   Short fat guys usually get slaughtered just takes longymickshort 11/20/17 02:33:59 AM
#4726   First time post on this board. Long time pilgrim58 11/17/17 05:09:30 PM
#4725   I like the set up, big exciting week toomuchmoney 11/17/17 03:58:31 PM
#4724   INice win Tmm would say the chart looks longymickshort 11/17/17 03:46:16 PM
#4722   actually I was calling for 62/63 as well toomuchmoney 11/17/17 01:54:13 PM
#4720   thank you for your faithful following toomuchmoney 11/17/17 01:13:22 PM
#4718   luck not required, I don't lose toomuchmoney 11/17/17 01:00:26 PM
#4717   Whatever you think. Good luck. You've been saying Ownwallstreet 11/17/17 12:59:05 PM
#4716   I accept your thanks and praise, please keep toomuchmoney 11/17/17 12:38:49 PM
#4715   Okay Ownwallstreet 11/17/17 12:35:27 PM
#4714   power move next week on OIL, toomuchmoney 11/17/17 12:13:38 PM
#4713   Pretty cozy still :) Ownwallstreet 11/17/17 12:05:43 PM
#4712   was anyone short or holding puts on UCO/oil? toomuchmoney 11/17/17 11:59:08 AM
#4711   Depends on the story of the day time longymickshort 11/17/17 10:03:59 AM
#4710   Hummers back in production baby! toomuchmoney 11/17/17 09:11:15 AM
#4709   Everyone who I know that is traveling this purty lines 11/17/17 09:01:56 AM
#4708   wonder how the shorts feel this am, LOL! toomuchmoney 11/17/17 08:46:37 AM
#4707   OIL money gush, UCO money gush gush toomuchmoney 11/17/17 08:32:16 AM
#4706   Delivered a boat in Odessa last week and JRT 11/17/17 08:09:47 AM
#4705   Too much to late LMS longymickshort 11/17/17 01:04:08 AM
#4704   Bloomberg must have some friends in the oil longymickshort 11/17/17 01:02:14 AM
#4703   Stranger than the reality I live in.. Hello longymickshort 11/16/17 08:57:29 PM
#4702   World is one big reality show aint it toomuchmoney 11/16/17 06:22:49 PM
#4701   Venezuelans also said check is in the mail lol. longymickshort 11/16/17 04:41:32 PM
#4700   looks like oil might be rising on menendez toomuchmoney 11/16/17 01:58:44 PM
#4699   Think they have it see if it moves longymickshort 11/16/17 01:50:35 PM
#4698   also looks like menendez side bribed jury, dems toomuchmoney 11/16/17 01:48:13 PM
#4697   looks like a locked in yes to me, toomuchmoney 11/16/17 01:46:07 PM
#4696   it passes could be a nice squeeze here. longymickshort 11/16/17 01:28:34 PM
#4695   Back on the long side hopefully the tax longymickshort 11/16/17 01:00:01 PM
#4694   my UCO puppy has lots of long legs, toomuchmoney 11/16/17 10:10:48 AM
#4693   Right there with ya TMM! Let's see this purty lines 11/16/17 08:11:24 AM