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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 3/16/2018 12:01:35 PM - Followers: 66 - 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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#917  Sticky Note Anatomy of a UCO costless collar: kamakiri 12/13/16 12:51:43 PM
#4409   Why the dump in oil? Sitting in DWT acrazjo 10/02/17 11:22:43 AM
#4408   On the subject of oil, we haven't seen purty lines 10/02/17 10:08:01 AM
#4407   I'll second that TMM. Prayers are being sent purty lines 10/02/17 10:03:17 AM
#4406   UCO toomuchmoney 10/02/17 09:45:50 AM
#4405   blessings to all those in Las Vegas, toomuchmoney 10/02/17 09:45:31 AM
#4404   In that case.... "QUE DA DUMP"! pleeb01 10/02/17 09:37:52 AM
#4403   When also considering Thursday's price action, it seems kamakiri 10/02/17 09:23:34 AM
#4402   Good morning all. Looks like some downside coming pleeb01 10/02/17 06:58:30 AM
#4401   Would love to hear your take on it pleeb01 09/29/17 04:41:46 PM
#4400   Any hints you got? Waiting for the info BOS-MMT 09/29/17 03:49:21 PM
#4399   Looking for hints that short 'fuel' is out. kamakiri 09/29/17 03:10:55 PM
#4398   There's that spike into the close. pleeb01 09/29/17 02:36:11 PM
#4397   I see that fail attempt now back to pleeb01 09/29/17 01:45:09 PM
#4396   $54 oil??? I like that a lot, UCO, toomuchmoney 09/29/17 01:08:59 PM
#4395   US Rigs:+5, Oil Rigs:+6 to 750 and +325 YoY kamakiri 09/29/17 01:05:01 PM
#4394   I think it's mostly capped in this range. kamakiri 09/29/17 01:02:33 PM
#4393   I'd like to think so, but not quite kamakiri 09/29/17 12:55:41 PM
#4392   So far this is about all the upside kamakiri 09/29/17 12:53:11 PM
#4391   Moving up into the rig count. Let's see pleeb01 09/29/17 12:39:58 PM
#4390   51.50 looking heavy for oil. Need s to pleeb01 09/29/17 10:59:40 AM
#4389   Good luck to you my friend. I'm still pleeb01 09/29/17 08:35:22 AM
#4388   Added a few D this morning. I JRT 09/29/17 08:18:06 AM
#4387   Good morning all, looks like we didn't see pleeb01 09/29/17 08:00:28 AM
#4386   In some U product for an overnight swing, pleeb01 09/28/17 09:08:34 PM
#4385   That wouldn't be very efficient. I assume that kamakiri 09/28/17 02:34:39 PM
#4384   Here is a drop. Money starts rotating to BOS-MMT 09/28/17 12:42:48 PM
#4383   lol.Yeah,*when* it's working! kamakiri 09/28/17 12:17:09 PM
#4382   ??? I'm confused.What underlying ticker?FWIW, I don't sell/write kamakiri 09/28/17 12:12:56 PM
#4381   And that time machine helps just a bit. pleeb01 09/28/17 12:11:47 PM
#4380   Thanks! Just lucky. ;-) kamakiri 09/28/17 12:07:33 PM
#4379   Nice whips so far this morning better than pleeb01 09/28/17 11:43:20 AM
#4378   Would this work being long Via calls? Buy GuTA 09/28/17 09:34:04 AM
#4377   UCO OIL, toomuchmoney 09/28/17 08:57:51 AM
#4376   Good morning Pleeb, and good luck to you purty lines 09/28/17 08:21:59 AM
#4375   Good morning all. Looks like oil took that pleeb01 09/28/17 08:02:10 AM
#4374   Black candle forming a doji today... WUE DA DUMP! pleeb01 09/27/17 03:54:15 PM
#4373   Tempted to fade this here for a scalp. pleeb01 09/27/17 02:43:02 PM
#4372   I still think we need to see it pleeb01 09/27/17 02:27:40 PM
#4371   Looks like a little action into NYMEX close. pleeb01 09/27/17 02:25:47 PM
#4370   Pretty accurate, nice job. Ownwallstreet 09/27/17 01:01:57 PM
#4369   I think if WTI didn't break over HOD pleeb01 09/27/17 12:11:01 PM
#4368   I'm game. I'm always making predictions. Right or kamakiri 09/27/17 11:00:47 AM
#4367   Loaded up for the downside. Hedges mostly otm kamakiri 09/27/17 10:39:52 AM
#4366   I hope so too for you my friend, pleeb01 09/27/17 09:10:50 AM
#4365   Hope you're right about the 40's over the purty lines 09/27/17 09:05:54 AM
#4364   I'm thinking $55 max short term this week pleeb01 09/27/17 08:37:40 AM
#4363   Gosh , I've learned that I'm not very purty lines 09/27/17 07:38:28 AM
#4362   True unless your longer term (Not my gig). longymickshort 09/27/17 12:30:55 AM
#4361   Glad I didn't play that short. Learned a pleeb01 09/26/17 02:46:05 PM
#4360   Yes nice heads up on the action was pleeb01 09/26/17 01:58:50 PM