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 Holdings; NAV History spreadsheet; Premium/Discount Analysis; SEC
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
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
Contango, Backwardation and Rolling Factors
Contango Vs. Normal Backwardation
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
conversely
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)
FRESH SIGNALS ... YOUR BEST FRIEND...THE TREND !!!!!!!
Dan Penney
NEW SIGNALS EVERY WEEK!!!!
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 |
