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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 5/29/2017 11:31:56 AM - Followers: 67 - 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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Current Price
Bid Ask Day's Range
#917  Sticky Note Anatomy of a UCO costless collar: kamakiri 12/13/16 12:51:43 PM
#2591   Just realized I actually can trade today by BOS-MMT 05/29/17 11:31:56 AM
#2590   Actually,I'm glad it was showing what was going kamakiri 05/26/17 08:04:43 PM
#2589   Great, good luck. Just checked COT, it is BOS-MMT 05/26/17 04:06:28 PM
#2588   Let's all take heed to our ways. Let Marketwise 05/26/17 02:43:17 PM
#2587   Yup.Well hedged for that.Even got a small call-side kamakiri 05/26/17 02:43:15 PM
#2586   Haha. Thx for your advice. I didn't pull BOS-MMT 05/26/17 02:28:28 PM
#2585   Right there...could have made~$100-$130/contract in 23 minutes... kamakiri 05/26/17 02:25:31 PM
#2584   short for 30 minutes might do...right now. kamakiri 05/26/17 02:02:05 PM
#2583   Looks tasty to short, but I don't want BOS-MMT 05/26/17 01:31:21 PM
#2582   Brent$52.09 hit...perfect call so far! :-) kamakiri 05/26/17 01:29:30 PM
#2581   I did see that... and that does count! I GuTA 05/26/17 11:47:09 AM
#2580   Understood.$51.93 hit overnight. kamakiri 05/26/17 11:46:06 AM
#2579   LOL I was being sarcastic be cause you toomuchmoney 05/26/17 06:27:07 AM
#2578   Possibly. I'm going to start adding some puts GuTA 05/26/17 06:18:42 AM
#2577   Nice. :-) Did that today too. kamakiri 05/26/17 01:03:17 AM
#2576   Yes thanks Kam I'll be watching hardcore here pleeb01 05/25/17 11:09:22 PM
#2575   Maybe tomorrow, but I doubt next week.Had to kamakiri 05/25/17 10:20:02 PM
#2574   ...and the time to 'load up' was yesterday...or earlier.;-) kamakiri 05/25/17 09:54:36 PM
#2573   ;0) Smart. Buy the protection you 'need'. kamakiri 05/25/17 09:38:01 PM
#2572   Umm I don't think I'll load up on them. pleeb01 05/25/17 09:35:00 PM
#2571   Yes pleebs load the boat on puts go toomuchmoney 05/25/17 08:24:38 PM
#2570   I really have no idea what you are toomuchmoney 05/25/17 08:16:25 PM
#2569   We should see a bounce next week where GuTA 05/25/17 07:10:35 PM
#2567   Good idea.Cashing and rolling some of mine.Even some kamakiri 05/25/17 03:53:40 PM
#2566   I hear you but I guess the lesson Marketwise 05/25/17 03:33:23 PM
#2565   Thank Kam. Watching it close here, may grab pleeb01 05/25/17 03:04:23 PM
#2564   Thanks,pleebs.MM shorts dropped the hammer. A close with kamakiri 05/25/17 01:36:55 PM
#2563   I'm adding some UCO against my DWT. temp luvs amy 05/25/17 01:34:56 PM
#2562   WTI$43...maybe. We'll see. kamakiri 05/25/17 01:31:57 PM
#2561   Holy chit. I thought we should have a BOS-MMT 05/25/17 12:13:00 PM
#2560   UCO ;o) toomuchmoney 05/25/17 12:13:00 PM
#2559   Sure you do. Do you think we can BOS-MMT 05/25/17 11:50:31 AM
#2558   Looks like not. pleeb01 05/25/17 11:42:12 AM
#2557   Nice call Kam.i was expecting a breach of pleeb01 05/25/17 11:39:31 AM
#2556   Wow.Almost looks like I knew something ;-) kamakiri 05/25/17 11:37:53 AM
#2555   Yes,important day.Still looking like the top is solidifying. kamakiri 05/25/17 11:24:58 AM
#2554   So true. Hope we get a little goose pleeb01 05/25/17 09:50:01 AM
#2553   Same to you Kam. pleeb01 05/25/17 09:49:15 AM
#2552   WTI tested and bounced from the 100 EMA GuTA 05/25/17 09:30:34 AM
#2551   Perfect timing so far...GLTA guys. kamakiri 05/25/17 08:49:29 AM
#2550   Yes I agree. I'll be watching for sure. pleeb01 05/25/17 08:24:13 AM
#2549   Thanks bro. This helps. It means they would BOS-MMT 05/25/17 08:15:37 AM
#2548   The candles in Brent futures of the this GuTA 05/25/17 08:10:53 AM
#2547 pleeb01 05/25/17 08:10:12 AM
#2546   Nope. Back to the charts I go... finding GuTA 05/25/17 08:07:36 AM
#2545   Of course. Not the first time they do BOS-MMT 05/25/17 08:04:05 AM
#2544   OPEC extends cuts for 9 more months. Looks GuTA 05/25/17 06:52:52 AM
#2543   Looks like 4:30 EDT, on my chart. temp luvs amy 05/25/17 04:54:59 AM
#2542   /CL WTI looking great so far in the futures. pleeb01 05/24/17 10:49:29 PM
#2541   Great question, I think it's tomorrow but not pleeb01 05/24/17 07:40:10 PM