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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 12/11/2017 10:00:16 PM - Followers: 71 - 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
#4778   Looking real toppy see you on the other longymickshort 12/11/17 10:00:16 PM
#4777   Does anyone find anything fishy about 2 major longymickshort 12/11/17 09:45:14 PM
#4776   HMMMMMM refer to below. Cracked pipe lol merry Christmas, longymickshort 12/11/17 09:36:35 PM
#4775   WTI Crude Oil COT Futures Large Trader Positions WTI longymickshort 12/10/17 09:58:23 AM
#4774   Then big at 55.63 WTI for a xmas longymickshort 12/06/17 12:01:37 PM
#4773   Looks like a solid trend reversal to me longymickshort 12/06/17 11:33:35 AM
#4772   What will we do with all that gasoline longymickshort 12/06/17 11:13:27 AM
#4771   Everyone chasing bitcoin today lol get some IOTA too. longymickshort 12/06/17 12:08:53 AM
#4770   Still working the bread and butter trade, GLTA longymickshort 12/05/17 10:41:56 PM
#4769   Not much upside news left I'm afraid except longymickshort 12/02/17 12:53:02 PM
#4768   I'm just spewing garbage while I'm making it longymickshort 12/02/17 12:18:00 PM
#4767   Why does Kam stop posting? That is too BOS-MMT 12/01/17 12:52:46 PM
#4766   I probably made a mistake selling my "U" purty lines 12/01/17 10:16:23 AM
#4765   opec's lips moved, probably why the dribble today. purty lines 12/01/17 12:11:28 AM
#4764   Hey LMS o think we see some nice pleeb01 11/30/17 08:28:34 PM
#4763   Opec meeting was baked in as anticipated. Didn't longymickshort 11/30/17 05:28:36 PM
#4762   Look at the chart on Nov 16 when longymickshort 11/30/17 11:29:24 AM
#4761   after my last exchange it has become more toomuchmoney 11/29/17 01:58:48 PM
#4760   that was a good post, I am a toomuchmoney 11/29/17 01:14:42 PM
#4759   I know you are a board manager here, BOS-MMT 11/29/17 12:57:10 PM
#4758   sad, all posts on UCO and prices moves toomuchmoney 11/29/17 12:50:28 PM
#4757   UCO, nice day toomuchmoney 11/29/17 12:47:30 PM
#4756   Appreciate the blunt honesty, but that doesn't give purty lines 11/29/17 08:03:12 AM
#4755   I only check if Kam post here. Other BOS-MMT 11/28/17 06:22:04 PM
#4754   Feel free to add your pearls of wisdom. Seriously. purty lines 11/28/17 03:51:18 PM
#4753   This forum had turned in to a TAelder 11/28/17 11:32:24 AM
#4751   May be difficult to get investors into this longymickshort 11/28/17 12:08:17 AM
#4750   Gonna be a bumpy ride please secure longymickshort 11/27/17 11:18:55 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