ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[dealerschool2006]

UCO break 50 when, what parameters compared to Oil prices???

[sharky]

Looking for UCO 50.00 break IMO




$UCO

[Nichopm]

A gradual, steady climb would be just fine with me

[dealerschool2006]

Oil will eventually go back up to where it was before, that's realistic, how long it takes is another story, but does it matter??? UCO is at 25 and will continue to climbe...NO SWEAT!!!

[Nichopm]

Looks like this now owns a mix of sept and dec contracts, guess those aren’t off to a hot start today. Nuts

[JohnCM]

What happens to UCO if Crude tops out at $35.00 per barrel?

[renegade 16]

Oil going up. Big bump this weekend If it doesn’t hit 40. We are screwed

[Taurus69]

$uco $24.45

[equijohn]

You think WTI Crude can hit $40 next week , very strong close Yesterday

[Smilin_B]

Looks like we're heading back to pre-split split levels equivalent to around $1.30/share in the coming days

[Nichopm]

Whoa what happened today? I’m liking it

[renegade 16]

What’s the deal with SPN and CHAP? Anyone

[Ace Trader]

Current rally V supply I see does not support more than $45 to $50. But this is oil traded on speculation so like in 2009 to 2011 $150 a barrel. At some point soon this really will cool, but when?

[Taurus69]

$uco $22.96

[dealerschool2006]

Oil will be back to 70-90 range if not by end of this year then next year and UCO will definitely be twice there as well...

[dealerschool2006]

1.95 gas today at Costco, that's the best we get for oil going into negative territory

[renegade 16]

This will not get to 70-90. 45. 50 tops. This hits the 40s get out GMHO

[dealerschool2006]

#of shares shouldn't matter on the pps, UCO is based on oil and contango, and r/s is factored in

[equijohn]

Factoring in the fund managers at UCO will also be issuing more shares as the price climbs , which is common after a reverse Split , my target low end is $80 if oil gets to those levels , high end $110 , still a very good ROI from where it sits now

[equijohn]

It wasn't $500 in January , when a RS happens it multiplies everything by 25

[Olmo]

So why in Jan it was at $500? No sure what is going on witht the price action in UCO...

[p3]

So if Dec contract is say 33... therefore for every percent it goes up uco “should” improve by 2%. At just 66 per barrel that is a 100% increase in price to uco... 200%.

Beware this etf has large swings and to better safe guard your money best to consider a short term in and out, in and out..

ETF managers will eventually shift holdings to contracts to 2021... so watch it every day, have an exit plan

[dealerschool2006]

What do you expect UCO pps when Oil gets to 70-90 ???

[equijohn]

Agreed , I'm looking for them to regain half their value

[dealerschool2006]

There's also a term called Contango, that's why Oil etf's trend is always downward, BUT we are at all time bottoms, so we will see a rebound in UCO or USO ... but the rebound won't go back as high as the pps was b4 oil dropped...

[Nichopm]

This is a 2x ETF, so if the price of the futures contracts it holds doubles, our return should presumably be 2x that. So I don’t see WTI doubling getting us to $500+ hopefully more like $50+.

[Olmo]

So what is the correlation

[Nichopm]

Not $500+ lol

[Olmo]

Can someone explain how this ETF works such as when we look at previous trend when Wti was at $60 UCO was at $500 +- and where do you expect UCO if WTI reaches $60 again?

[Smilin_B]

Ofcourse because it's a 2X weighted ETF

[dealerschool2006]

looks like UCO outperforms USO in bull markets...

[KickRocks]

It's not OTC so no one posts about it lol

[equijohn]

I have October Calls on UCO and USO , both looking fantastic !!

[Smilin_B]

You can clearly tell not too many on this website trade UCO.

[equijohn]

WTI CRUDE breaks $32 in overnight trading $UCO breaks $21 in pre market

[Smilin_B]

Crude's gapping up

[TraderRich]

This article may be great for oil investors, not so much for humanity and their way of life... http://energyskeptic.com/2020/giant-oil-field-decline-rates-and-their-influence-on-world-oil-production/

[Nichopm]

Nice end to the week! Hopefully this continues the upward march as the year progresses :)

[fitzwell11]

Read and weep

https://www.proshares.com/funds/uco_daily_holdings.html

[Ace Trader]

Prove it ! show us all or any contracts or statement Pr etc is into Dec contracts ?

[p3]

So skweded

[fitzwell11]

Holders here got screwed. Did you know UCO is already entirely in September and December contracts? You guys get none of the June/July/August move

[luckydude777]

You aware of CREX?

[TraderRich]

This is a MUST READ for oil investors...

http://energyskeptic.com/2020/will-covid-19-delay-peak-oil/

[TraderRich]

That's pre RS. Divide by 25: 607.25/25 = 24.29

[BluSkies]

WHAT THE 52 W HIGH!
$601.75

[TraderRich]

Did one already in late April 25:1

[luckydude777]

Yep - heard a rumor that SCO might do one.

[luckydude777]

Price of oil could move up VERY quickly, now that "Iran is no longer a threat."


Business Insider: Link: https://www.yahoo.com/news/us-takes-away-anti-missile-164053845.html

May 8, 2020, 12:40 PM EDT

US Patriot missile batteries are being removed from Saudi Arabia, and the greater Middle East, several news outlets reported Thursday night.

The move could be in retaliation over Saudi Arabia's oil production or it could be due to officials no longer seeing Iran as a direct threat at the moment.

Two Patriot missile batteries will be removed from Saudi Arabia, and two more will be removed from the rest of the region.

The missiles in Saudi Arabia used to guard oil fields.

Visit Business Insider's homepage for more stories.

Two Patriot missile batteries that used to guard oil facilities in Saudi Arabia will be removed after disputes between the Trump administration and the country over oil production, The Associated Press reported Thursday night.

According to the AP, a US official said some fighter aircraft and around 300 troops who staff the two batteries will also leave the country. But two Patriot batteries at Prince Sultan Air Base in the Saudi desert, along with other air defense systems and jet fighters, will remain in the country.

Republicans accused Saudi Arabia of "exacerbating instability in the oil market," earlier this year when they ramped up oil production and slashed prices amid the coronavirus pandemic, the AP reported.

Saudi Arabia's move led to layoffs in some Republican-led states, and in March some Republican senators said if the country did not change it could lose US American defense support.

The Wall Street Journal also reported Thursday night that President Donald Trump threatened to impose tariffs on Saudi oil imports, and then said the issue had been resolved.

WSJ also reported that officials said the US is considering reducing other military capabilities, "marking the end, for now, of a large-scale military buildup to counter Iran."

Additionally, two other Patriot missile batteries will be sent back to the US from the greater Middle East region for "planned redeployment for maintenance and upgrades," the AP reported.

WSJ reported that the redeployment wasn't previously disclosed, but the AP added that the US has a limited supply of these systems that have to come back to the US for maintenance and upgrades.

Officials told the WSJ that the US was also considering reducing the US Navy presence in the Persian Gulf.

"Dozens of military personnel" were sent to the region after attacks on oil facilities in Saudi Arabia, which the Trump administration blamed on Iran, according to WSJ.

According to the AP, it's not exactly clear to what degree the US decision to remove the missile system was because of the oil disputes or the struggle to parcel out the much-coveted Patriot systems.

"We're making a lot of moves in the Middle East and elsewhere. We do a lot of things all over the world, militarily we've been taken advantage of all over the world," Trump said about the move on Thursday, according to the AP.

The commander-in-chief added: "This has nothing to do with Saudi Arabia. This has to do with other countries, frankly, much more."

The Pentagon told WSJ after the report was published that they regularly move troops in and out of the region and reassess their forces. According to WSJ, some officials don't see Iran as an immediate threat at the moment.

Navy Cmdr. Sean Robertson, a Pentagon spokesman, told WSJ that "the Pentagon is engaged in a long-term effort to strengthen air defenses in the region."

[sharky]

Your welcome, I am being conservative $70-$80. Patience.....