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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 7/5/2019 9:38:52 PM - Followers: 60 - 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



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
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)



Dan Penney


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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#4842   Do not buy calls. these pukes will slaughter OTCRIDER 07/05/19 09:38:52 PM
#4841   LOL I'm in. I'm out. temp luvs amy 11/08/18 12:50:44 PM
#4840   Good observation PL, I agree... It's burnt out. TAelder 09/02/18 01:58:29 PM
#4839   Medium term (rest of the year) I think purty lines 08/29/18 11:28:41 AM
#4838   Yeah, some good swings... I'm still sitting on TAelder 08/12/18 10:43:55 PM
#4837   LOL.Nobody home!Nice movement since Wednesday this week! kamakiri 08/10/18 05:43:35 PM
#4836   TA can be a lot tea reading... but, TAelder 08/01/18 07:55:26 PM
#4835   Getting a little overdone here in the premarket. purty lines 08/01/18 08:39:11 AM
#4834   ...and a little more today. kamakiri 07/31/18 12:03:04 PM
#4833   ...Nice little dump to play ;-) kamakiri 07/27/18 01:03:41 PM
#4832   Ha! Nobody here to make any movements! kamakiri 07/27/18 01:02:50 PM
#4831   The great Kam has returned! No one make TAelder 07/27/18 02:53:22 AM
#4830   Cue...the.... kamakiri 07/26/18 10:38:19 AM
#4829   Just bought puts. Cheap. Should be a fun kamakiri 07/25/18 10:39:50 AM
#4828   Buying the call side of the hedge just kamakiri 07/25/18 10:22:32 AM
#4827   Today's 'bet': Put side heavy. kamakiri 07/25/18 10:13:27 AM
#4826   Expecting big movement within the next few days...GLTA! kamakiri 07/25/18 03:50:14 AM
#4825   That was a good call, but on that kamakiri 07/25/18 03:48:03 AM
#4824   Ha! Did spend a bunch of time this kamakiri 07/25/18 03:42:14 AM
#4823   LOL! Gone for months and still some talk about kamakiri 07/25/18 03:37:52 AM
#4822   Yea I really liked Kam's posts... but I TAelder 07/18/18 12:21:47 AM
#4821   Kam is retired on a tropical beach or TAelder 07/18/18 12:01:19 AM
#4820   Who knows. It did seem that he was purty lines 07/14/18 05:33:32 PM
#4819   Where does that guy go? Is he pissed BOS-MMT 07/14/18 05:01:39 PM
#4818   I'm certainly not Kam, but I think he purty lines 06/29/18 03:40:08 PM
#4817   Boy is this board dead. temp luvs amy 05/30/18 12:00:44 PM
#4816   With President Trump pulling out of the Iran antferrara1 05/08/18 02:44:21 PM
#4815   Been awhile since I last posted here. Been purty lines 04/30/18 01:36:09 PM
#4814   Nice to see you back sir, your comments Swampdude 03/16/18 12:01:35 PM
#4813   Beautiful day. Drill, baby, drill. temp luvs amy 02/22/18 02:24:29 PM
#4812   Hello my friend. Nice to see you. Hope pleeb01 02/08/18 05:35:25 PM
#4811   Bad news for all you oil shorts... purty lines 02/02/18 07:48:24 AM
#4810   How has everybody been? Did I mention temp luvs amy 02/01/18 01:43:22 PM
#4809   I am patiently waiting for the reverse since BOS-MMT 02/01/18 10:47:52 AM
#4808   Just wanted to spend less time on the kamakiri 01/31/18 01:14:55 PM
#4807   Thought you retired were in love, deceased longymickshort 01/25/18 08:18:28 PM
#4806   I've certainly missed Kam's commentary as well. I've purty lines 01/25/18 08:16:58 AM
#4805   Hi Kam, I check the forum only occasionally, but drt4nrg 01/24/18 02:43:26 PM
#4804   Who's Kam? ;-) kamakiri 01/22/18 01:07:55 PM
#4803   This board is dead after Kam left? lol BOS-MMT 01/18/18 12:08:57 PM
#4802   I saw that too. Not so sure I'd purty lines 01/10/18 09:11:20 AM
#4801   Oil (WTI) is at RSI ~72 on the wewantutopia 01/09/18 09:51:23 AM
#4800   Hold short next sector? longymickshort 01/09/18 12:35:36 AM
#4799   Last time I looked gas was going down lol longymickshort 01/08/18 10:57:34 PM
#4798   Cow flatulance determining beef prices. longymickshort 01/08/18 10:56:29 PM
#4797   Chinese head fake oops cue the dump longymickshort 01/08/18 10:51:35 PM
#4796   That is always the question but the real longymickshort 01/08/18 09:53:39 PM
#4795   Well my...my...my! I wasn't expectin' oil to stay purty lines 01/04/18 08:54:25 AM
#4794   Dang! its taken long enough! Question now is..time purty lines 01/03/18 09:40:28 AM
#4793   Very nice call there pleebs you called it longymickshort 12/30/17 01:23:31 PM