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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 2/24/2017 3:47:29 PM - Followers: 66 - Board type: Free - Posts Today: 11

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
#1839   I think we're looking good for sexy week. pleeb01 02/24/17 03:47:28 PM
#1838   :-D Just unloaded some puts @2X (+100%) just kamakiri 02/24/17 02:26:11 PM
#1837   Oil rigs:+5 to 602, US rigs:+3 to 754 kamakiri 02/24/17 01:10:05 PM
#1836   Contango creeping up again. No surprise here... kamakiri 02/24/17 12:19:47 PM
#1835   Nice formation... :-D Great action so far today! kamakiri 02/24/17 10:40:28 AM
#1834   ok, tighter rise to the UCO 23 prize! toomuchmoney 02/24/17 10:05:14 AM
#1833   OIL UCO BAMBOOEEE! wow, all in!! toomuchmoney 02/24/17 10:02:31 AM
#1832   In for the weekend thinking we see a pleeb01 02/24/17 10:00:40 AM
#1831   OIL free fall, no strong support here, UCO toomuchmoney 02/24/17 08:36:58 AM
#1830   ?? umbrella drinks for all!! conelda 02/24/17 07:04:47 AM
#1829   Good morning Gents. Another Friday in the oil pleeb01 02/24/17 06:03:08 AM
#1828   this has been my UCO week, 17/17 toomuchmoney 02/23/17 03:55:18 PM
#1827   Nice move into NYMEX close now let's see pleeb01 02/23/17 02:33:18 PM
#1826   Nice moves today. At work so holding some pleeb01 02/23/17 01:37:52 PM
#1825   My trading evolution has taken several turns. I kamakiri 02/23/17 01:32:07 PM
#1824   Appreciate your candor! I had some good trades acrazjo 02/23/17 01:26:23 PM
#1823   I was still working when I started and kamakiri 02/23/17 01:23:22 PM
#1822   Beware...the Batman! kamakiri 02/23/17 01:20:04 PM
#1821   Wow! I am about 1 1/2 years. The acrazjo 02/23/17 01:15:08 PM
#1820   Thanks, and agreed 100% on all counts. Hard kamakiri 02/23/17 12:49:57 PM
#1819   Manipulation can also work in your favor. Like acrazjo 02/23/17 12:44:28 PM
#1818   I've never subscribed to the 'catalyst' type thinking. kamakiri 02/23/17 12:40:34 PM
#1817   I think oil has topped out once again acrazjo 02/23/17 12:34:13 PM
#1816   Thanks! Got the small build range I predicted...on kamakiri 02/23/17 12:28:30 PM
#1815   I got in so cheap on DWT that acrazjo 02/23/17 12:19:26 PM
#1814   5 minutes to go! kamakiri 02/23/17 10:55:24 AM
#1813   Should be some opportunity for that to pay. kamakiri 02/23/17 10:54:21 AM
#1812   Went into DWT for a few days to acrazjo 02/23/17 09:54:29 AM
#1811   :-D Cashed some 6X +500% calls! kamakiri 02/23/17 09:51:59 AM
#1810   Gotta love this channel oil appears stuck in. acrazjo 02/23/17 09:14:19 AM
#1809   Good morning all. Another great day for oil. pleeb01 02/23/17 09:05:14 AM
#1808   UCO 23 handle? toomuchmoney 02/23/17 07:58:09 AM
#1807   OIL big poppa wheelie, UCO, LOOOOOOOAADDDDEEEEDDDDDD toomuchmoney 02/22/17 05:25:10 PM
#1806   UCO lifting knda nicely toomuchmoney 02/22/17 05:01:45 PM
#1805   Looks like we're getting some boomage. pleeb01 02/22/17 04:44:29 PM
#1804   Cue the... kamakiri 02/22/17 01:51:00 PM
#1803   how are my fundamentalist friends doing today on toomuchmoney 02/22/17 12:49:46 PM
#1802   +111% cashed! ;-D Looking great for API day. kamakiri 02/22/17 10:47:42 AM
#1801   UCO, there ya go! toomuchmoney 02/22/17 08:57:23 AM
#1800   UCO, no volume ;O((((((((( toomuchmoney 02/22/17 08:39:17 AM
#1799   Good morning all. Looks like an interesting day pleeb01 02/22/17 06:16:58 AM
#1798   Nice day today wish I was a bit pleeb01 02/21/17 03:49:53 PM
#1797   FYI-Reports delayed for the holiday.Side-bet action gotta wait kamakiri 02/21/17 03:02:39 PM
#1796   Heavy manipulation has been in place to keep kamakiri 02/21/17 02:16:13 PM
#1795   I knew that! I have followed your posts acrazjo 02/21/17 02:10:18 PM
#1794   Yes,I'm actively playing both sides and usually well hedged. kamakiri 02/21/17 02:06:55 PM
#1793   Oil appears to be at the top of acrazjo 02/21/17 12:44:01 PM
#1792   Too bad that didn't reduce decay from the kamakiri 02/21/17 11:58:42 AM
#1791   Contango squeezed to just~$0.27 between April and May contracts! kamakiri 02/21/17 11:54:45 AM
#1790   Or+150% in 22 market minutes. ;-D kamakiri 02/21/17 10:47:00 AM