Replies to post #4451 on ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[kamakiri]

But does it work for crude? How well did it serve you on 9/29, when signs of turning were already forming on 9/28 and pretty clear by 9/29?

I say treat it as a 'maybe' momentum indicator. It's consistently 'late' as a pivot/turn indicator with crude, IMO.

[kamakiri]

Could bounce...or take another leg to mid-low $48.