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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 9/1/2016 12:48:33 PM - Followers: 45 - 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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Current Price
Bid Ask Day's Range
#688   back to 8's when/where do you think this Dont Hate 09/01/16 12:48:33 PM
#687   UCO bearish 11.22 stocktrademan 06/27/16 12:11:47 PM
#686   There will certainly be another dip before the climb. rightothesky 05/23/16 09:57:53 PM
#685   Oil rig counts are at the lowest they 9lt98x 04/19/16 11:56:53 AM
#684   Decay and manipulation NATTER 04/19/16 11:41:07 AM
#683   I have long term patience with this stock 9lt98x 04/12/16 12:25:34 PM
#682   Here we going - UCO - 12 NATTER 04/12/16 11:14:05 AM
#681   We will get there. As long as oil 9lt98x 04/12/16 08:21:34 AM
#680   What is wrong here? Compare to Oil NATTER 04/12/16 02:57:12 AM
#679   Next target 12 USD. NATTER 03/14/16 03:21:03 PM
#678   You pretty much answered your own question. If 9lt98x 03/13/16 10:09:05 AM
#677   Is there any chance for UCO get to NATTER 03/12/16 06:15:57 AM
#676   nice pop yesterday antferrara1 10/29/15 08:45:20 AM
#675   new lows keep coming. oil will be free amadeus 08/14/15 11:21:18 PM
#674   hi, loniee - things are going well these xZx 07/31/15 12:52:29 PM
#673   Yes it is.. How are you doing xZx? loniee 07/31/15 09:12:03 AM
#672   this chart is starting to look like $NATGAS xZx 07/30/15 05:50:16 PM
#671   Oil might have found a bottom on 52 HGG 07/23/15 03:11:48 PM
#670   Would it fill? The gap was a conversion HGG 07/22/15 02:02:10 AM
#669   I am guessing API reported another big draw. temp luvs amy 07/21/15 04:16:24 PM
#668   Gap filler time. Chicago Bankroll 07/14/15 10:29:37 PM
#667   Gap filler time. Chicago Bankroll 07/14/15 10:29:36 PM
#666   Wow, new lows coming? HGG 07/01/15 02:01:09 PM
#665   I tend to agree, way to much new loniee 05/13/15 01:27:21 PM
#664   T. Boone Pickens Likes oil @ 75.00 by moe_the_gyp01 05/13/15 11:55:44 AM
#663   Reverse Splits moe_the_gyp01 05/04/15 01:04:33 PM
#662   Crude oil is nicely above its 2015 high, PlanTrader 05/01/15 05:34:03 PM
#661   Thank you sir and best of luck to pleeb01 04/17/15 09:09:30 AM
#660   No problem and good luck to you sir. loniee 04/17/15 08:26:17 AM
#659   Thank you for the info. Doing some reading pleeb01 04/16/15 10:27:21 PM
#658   I hope this helps. Good luck in all loniee 04/16/15 09:25:20 PM
#657   Took 20% today. Do you have any insight pleeb01 04/15/15 09:47:45 PM
#656   Ok thank you for you info will give pleeb01 04/15/15 09:46:33 PM
#655   It's the impact to the price per share. PlanTrader 04/15/15 09:34:13 PM
#654   So how does it affect pleeb01 04/15/15 09:28:50 PM
#653   UCO is based on futures. Hence there being PlanTrader 04/15/15 09:19:27 PM
#652   Can you please Explain what you mean by pleeb01 04/15/15 09:14:26 PM
#651   WTI crude was up 3% today, so shouldn't PlanTrader 04/14/15 05:14:31 PM
#650   what time does the report come out restripe 04/14/15 03:31:04 PM
#649   Now all we have to do is shut temp luvs amy 04/11/15 11:43:13 AM
#648   it sure is... parked there right under their xZx 04/10/15 12:01:53 AM
#647   Wow, That is a lot of oil with loniee 04/09/15 08:00:41 PM
#646   i was also shocked. seismic detection systems keep xZx 04/09/15 03:44:43 PM
#645   Wow... I had no idea that England had Pro-Life 04/09/15 03:33:24 PM
#644   here's another gigantic oil discovery: xZx 04/09/15 12:36:24 PM
#643   Not sure what's going on here.. .crude was adamp 03/31/15 11:27:48 AM
#642   I wanted to short it back then, but temp luvs amy 03/27/15 01:24:04 PM
#641   i think the cue for me was to xZx 03/23/15 01:49:19 PM
#640   sounds like a good idea. airline stocks will xZx 03/23/15 01:47:46 PM
#639   Yeah, it's starting to seem like there will PlanTrader 03/23/15 01:17:06 PM