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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 3/28/2020 10:42:25 AM - Followers: 72 - Board type: Free - Posts Today: 3

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
#4878   I'm 100% in agreement with your post. luckydude777 03/28/20 10:42:25 AM
#4877   Okay - FINALLY got some cash deposited in luckydude777 03/28/20 10:36:24 AM
#4876   When the Oil war is over where do equijohn 03/28/20 09:14:26 AM
#4875   Support on the futures hit at 21.08. Now Richsooka 03/27/20 10:32:33 AM
#4874   Back in UCO @ $1.83 Smilin_B 03/27/20 09:04:23 AM
#4873   I just signed up for this today so Richsooka 03/26/20 03:38:47 PM
#4872   Shorts own this market, and they push. temp luvs amy 03/26/20 02:14:44 PM
#4871   From these ranges, it doesn't really matter if Smilin_B 03/26/20 01:46:14 PM
#4870   Just picked up some at 1.98. See how Richsooka 03/26/20 01:40:52 PM
#4869   There's too much manipulation in the futures to Richsooka 03/26/20 01:34:59 PM
#4868   I'm sticking to the ETF's too. Physical temp luvs amy 03/26/20 01:30:29 PM
#4867   In UCO 2.01 Smilin_B 03/26/20 01:30:15 PM
#4866   I agree with you, although I don't pay Richsooka 03/26/20 01:19:30 PM
#4865   The shale companies created an NG glut, too. temp luvs amy 03/26/20 12:57:11 PM
#4864   The oil price under $50 is going to Richsooka 03/26/20 11:47:10 AM
#4863   Is that what it is? Opposite of temp luvs amy 03/26/20 11:29:18 AM
#4862   We are in a faux market situation right now. zsvq1p 03/26/20 11:19:46 AM
#4861   Yes, I pay attention to cash management. temp luvs amy 03/26/20 10:34:49 AM
#4860   A few things to keep in mind. zsvq1p 03/26/20 09:24:09 AM
#4859   You will if you flip daily... It takes zsvq1p 03/26/20 09:19:20 AM
#4858   I need a margin? My trades seem temp luvs amy 03/25/20 02:37:28 PM
#4857   The shifting sand of Wall Street doesn't even temp luvs amy 03/24/20 01:30:00 PM
#4856   I'm in too. Drilling for oil at temp luvs amy 03/24/20 01:22:53 PM
#4855   Thanks for you clearly stated take on crude. luckydude777 03/24/20 08:07:39 AM
#4854   I meant the UCO ofcourse. Not USO Smilin_B 03/24/20 04:05:17 AM
#4853   Yes i have. The USO, by Design, is the Smilin_B 03/24/20 04:02:05 AM
#4852   I am in at 2.01 jimr1717 03/23/20 07:23:28 PM
#4851   I opened up a trading account with Ally luckydude777 03/23/20 04:36:25 PM
#4850   Not a single solitary post here this week. Smilin_B 03/23/20 04:16:22 PM
#4849   My first target this week resides around $1.69 Smilin_B 03/23/20 06:12:50 AM
#4848   Looks like we will be re-testing the $1.80 Smilin_B 03/23/20 03:12:27 AM
#4847   Don't have the time right now to get Smilin_B 03/21/20 07:00:44 PM
#4846   Always like to hear strategy, Uco pretty low rightnow. stckjmper 03/21/20 11:50:21 AM
#4844   How is it even remotely possible that there Smilin_B 03/21/20 05:10:15 AM
#4843   $UCO bulls and bears https://news.squeezereport.com/short-squeeze/pr whytestocks 11/13/19 08:25:23 AM
#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
PostSubject