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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 8/17/2017 3:43:52 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

   5
Days

 
  10
Days
   
     1
month
   
     3
months
   
     6
Months
   
  1
year
   

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
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


 

 

 


OIL...ETF List
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Contango
 
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PostSubject
#917  Sticky Note Anatomy of a UCO costless collar: kamakiri 12/13/16 12:51:43 PM
#3853   Oil has held up today so far while longymickshort 08/17/17 03:43:52 PM
#3852   Grind is the word BOS its holding up longymickshort 08/17/17 03:34:25 PM
#3851   Here we go longymickshort 08/17/17 02:55:14 PM
#3850   I went long in the morning. 4H frame BOS-MMT 08/17/17 02:35:51 PM
#3849   Looks ready to run longymickshort 08/17/17 02:22:15 PM
#3848   I don't mind a little chop to play.Been kamakiri 08/17/17 01:49:38 PM
#3847   Like watching paint dry wake this up first. longymickshort 08/17/17 12:56:34 PM
#3846   Watch the 'cadence'/pace of their moves.If no dump kamakiri 08/17/17 12:48:28 PM
#3845   Looks like big boys don't want to drop BOS-MMT 08/17/17 08:43:05 AM
#3844   Still working .. https://www.investing.com/analysis/no-relief-for-usd-as-trump longymickshort 08/17/17 12:47:42 AM
#3843   Did I sound worried ? Have a trade longymickshort 08/17/17 12:16:53 AM
#3842   I think you should be ok seems like pleeb01 08/16/17 09:54:47 PM
#3841   Thats all I need im 3x long longymickshort 08/16/17 09:12:15 PM
#3840   I had a feeling that may have been pleeb01 08/16/17 09:00:13 PM
#3839   There is a bullish divergence in 4H frame. BOS-MMT 08/16/17 08:50:22 PM
#3838   I had a typo on that last post longymickshort 08/16/17 07:41:03 PM
#3837   All out of D today. Hope your right JRT 08/16/17 06:54:13 PM
#3836   Should have rallied after the fed minutes. Fed longymickshort 08/16/17 06:26:42 PM
#3835   The grinding lower action feels like big money longymickshort 08/16/17 04:02:12 PM
#3834   I wouldn't say *that*! I think the question kamakiri 08/16/17 03:50:17 PM
#3833   Shorties running out of ammo longymickshort 08/16/17 02:53:54 PM
#3832   13.17 rather longymickshort 08/16/17 02:28:20 PM
#3831   Gonna follow it down with some buys got longymickshort 08/16/17 02:27:20 PM
#3830   Looks to me like it's bottoming here too. drt4nrg 08/16/17 02:14:11 PM
#3829   Big shorts big cover think they are late longymickshort 08/16/17 01:58:13 PM
#3828   Looks more likely now.Big shorts must be back kamakiri 08/16/17 01:49:22 PM
#3827   They probably have that priced in will see longymickshort 08/16/17 01:47:03 PM
#3826   Break 47. I think we shall see 46.4 BOS-MMT 08/16/17 01:29:26 PM
#3825   It's halfway through the day. You have a CashFreeze 08/16/17 12:22:15 PM
#3824   Good point CashFreeze 08/16/17 12:19:07 PM
#3823   Could be.Maybe waiting for Fed minutes at 2. kamakiri 08/16/17 12:18:33 PM
#3822   Interesting day. The way it's hanging around makes CashFreeze 08/16/17 12:17:00 PM
#3821   So far,but looks like could bounce here.If not,CUE kamakiri 08/16/17 12:05:54 PM
#3820   Agreed more down side coming in. Below recent pleeb01 08/16/17 11:39:59 AM
#3819   Looks like I am right so far? Need BOS-MMT 08/16/17 11:16:39 AM
#3818   I have no idea yet! Hourly the positive BOS-MMT 08/16/17 10:46:46 AM
#3817   I think once it settles here it'll squeeze pleeb01 08/16/17 10:39:09 AM
#3816   Question is where? Lol we are at critical BOS-MMT 08/16/17 10:36:10 AM
#3815   And here we go.. pleeb01 08/16/17 10:32:19 AM
#3814   Holy, EIA is more bullish again!! BOS-MMT 08/16/17 10:31:23 AM
#3813   Thanks. It's always a guessing game... -Tim drt4nrg 08/16/17 10:02:32 AM
#3812   I can see that happening, but 'expect' is kamakiri 08/16/17 09:52:24 AM
#3811   Smart move from the look of it right now. kamakiri 08/16/17 09:48:55 AM
#3810   With eia less bullish than api, I could drt4nrg 08/16/17 09:48:06 AM
#3809   I was just looking at the ticker.. It longymickshort 08/16/17 12:46:38 AM
#3808   I'm sure it'll prob be more like -5 pleeb01 08/15/17 11:07:53 PM
#3807   That's because most don't believe they will jive kamakiri 08/15/17 10:26:05 PM
#3806   What does your time machine say about EIA? BOS-MMT 08/15/17 10:05:18 PM
#3805   Nice. I was a little confused by your kamakiri 08/15/17 09:38:48 PM
#3804   Forgot the report was after hours lol glad longymickshort 08/15/17 05:22:40 PM
PostSubject