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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 4/28/2017 7:03:54 AM - Followers: 67 - Board type: Free - Posts Today: 2

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
#2281   Good morning Gents. Wonder how it's going to pleeb01 04/28/17 07:03:54 AM
#2280   Agreed, looks good for tomorrow. pleeb01 04/28/17 12:02:05 AM
#2279   Commodities are up looking good for this move. longymickshort 04/27/17 09:59:03 PM
#2278   Nice reversal today. Holding 1/4 position UWT overnight pleeb01 04/27/17 03:35:58 PM
#2277   Driving season run should start soon. wewantutopia 04/27/17 02:12:26 PM
#2276   Oil chart bounced off weekly support chart. 2nd CashFreeze 04/27/17 02:11:14 PM
#2275   Hmmm....or are we actually setting up to make Marketwise 04/27/17 01:52:54 PM
#2274   $48.50, $47, and about $42 are current targets.$48.50 kamakiri 04/27/17 11:10:06 AM
#2273   UCO, MMMMMMM that one tasted so good! toomuchmoney 04/27/17 10:52:35 AM
#2272   Looking for low of 47.00 before bounce HUSTLA 04/27/17 09:57:17 AM
#2271   How much lower in your opinion Kam? Looks CashFreeze 04/27/17 09:38:53 AM
#2270   Good morning Gents. Good luck today. pleeb01 04/27/17 06:34:52 AM
#2269   Thanks Kam, played for a nice scalp on pleeb01 04/26/17 10:05:40 PM
#2267   I still have a downward bias,but I'll make kamakiri 04/26/17 09:54:28 PM
#2266   Hey KAM do you see more downside or pleeb01 04/26/17 03:13:53 PM
#2265   Nice work! CashFreeze 04/26/17 12:52:54 PM
#2264   :-DPerfect.Right in my predicted range.Side-bet+45% today.Rolled profits for put kamakiri 04/26/17 12:48:04 PM
#2263   another sweet UCO HOD toomuchmoney 04/26/17 11:23:25 AM
#2262   Nice dip, tempted to double up but will pleeb01 04/26/17 11:18:46 AM
#2261   Took 1000 shears of UWT for a scalp. pleeb01 04/26/17 10:53:18 AM
#2260   DOE Draw -3.64MM, Exp. -1.75MM CashFreeze 04/26/17 10:31:47 AM
#2259   Good morning Gents, I'll be able to watch pleeb01 04/26/17 07:37:06 AM
#2258   Thanks Kam for the welcome back. And for pleeb01 04/25/17 05:30:05 PM
#2257   Wow what a crazy day. Still holding cash. pleeb01 04/25/17 05:29:09 PM
#2256   Perfect. API dump right on cue!! ;-) kamakiri 04/25/17 04:43:57 PM
#2255   CRUDE +0.897mb GASOLINE +4.445mb DISTILLATES -0.036mb CUSHING -1.971mb BOS-MMT 04/25/17 04:34:11 PM
#2254   I like it toomuchmoney 04/25/17 02:44:27 PM
#2253   Oil looking like a green machine now CashFreeze 04/25/17 02:37:58 PM
#2252   nice UCO HOD toomuchmoney 04/25/17 01:59:42 PM
#2251   Que the API DUMP! :-D kamakiri 04/25/17 01:47:12 PM
#2250   OIL based looking to turn, see how the toomuchmoney 04/25/17 01:19:35 PM
#2249   Welcome back! No news. Just big shorts making kamakiri 04/25/17 11:58:52 AM
#2248   I see just looking at it now. I'll pleeb01 04/25/17 11:28:16 AM
#2247   3x bullish - energy equities GuTA 04/25/17 11:26:23 AM
#2246   Thanks for the heads up, not firmilia with pleeb01 04/25/17 11:23:19 AM
#2245   No position for me yet. Still all cash pleeb01 04/25/17 11:22:27 AM
#2244   $48 handle like I said... :-D kamakiri 04/25/17 11:08:59 AM
#2243   I've been buying ERX this past few sessions. GuTA 04/25/17 11:05:03 AM
#2242   made a nice buy this am on UCO, toomuchmoney 04/25/17 09:56:59 AM
#2241   OIL UCO ;O) toomuchmoney 04/25/17 09:54:11 AM
#2240   Good morning everyone, I couldn't find any specific pleeb01 04/25/17 07:49:38 AM
#2239   Woah, what happened last few days. Wow looks pleeb01 04/24/17 09:32:03 PM
#2238   Nice action today!$49.03 hit for WTI.Still looking for kamakiri 04/24/17 11:44:33 AM
#2237   Looks like Trump tax cut talk rallying all CashFreeze 04/21/17 02:55:14 PM
#2236   Once again, cue the DUMP! kamakiri 04/21/17 01:39:36 PM
#2235   Baker Hughes oil rigs 688, +5 CashFreeze 04/21/17 01:01:05 PM
#2234   WTI $48 handle possible today...Just sayin' :-D kamakiri 04/21/17 12:06:11 PM
#2233   True,but this week engulfs more than the previous kamakiri 04/21/17 11:58:17 AM
#2232   Well I will say the weekly oil CashFreeze 04/21/17 11:39:54 AM
#2231   Nope man. Blame Trump. The up from 47s BOS-MMT 04/21/17 11:29:20 AM
PostSubject