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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Last Post: 2/22/2018 2:24:29 PM - Followers: 66 - Board type: Free - Posts Today: 1

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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PlusOneCoin Top Posts
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PostSubject
#917  Sticky Note Anatomy of a UCO costless collar: kamakiri 12/13/16 12:51:43 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
#4792   North sea Brent pipeline fully operational Ineo says... longymickshort 12/30/17 12:55:49 PM
#4791   IDK thinking lower first.. im in the d longymickshort 12/27/17 06:56:13 PM
#4790   I’m guessing we see $60 tomorrow and into pleeb01 12/27/17 04:31:19 PM
#4789   Rig count is rigged we are swimming in longymickshort 12/26/17 01:07:04 AM
#4788   Happy Holidays oil has peaked can't hide from longymickshort 12/26/17 12:22:35 AM
#4787   Happy Holidays to all seen and unseen. May pleeb01 12/22/17 02:38:36 PM
#4786   https://www.energyaspects.com/company/media-article/brent-dips-as-north-sea-pipe longymickshort 12/19/17 09:26:00 PM
#4785   A little history may be some downward pressure longymickshort 12/18/17 11:54:34 PM
#4784   I didn't see him but will look again JRT 12/15/17 09:11:00 AM
#4783   Probably bought some land in west Texas as purty lines 12/15/17 09:06:55 AM
#4782   Anyone know where Kamakiri went? Swing Party 12/14/17 07:11:09 PM
#4781   *Crickets*... TAelder 12/13/17 11:45:43 AM
#4780   Here is a solid tip. No one wants longymickshort 12/13/17 01:51:34 AM
#4779   Looking for a dead cat bounce? Actually more longymickshort 12/12/17 09:26:30 PM
#4778   Looking real toppy see you on the other longymickshort 12/11/17 10:00:16 PM
#4777   Does anyone find anything fishy about 2 major longymickshort 12/11/17 09:45:14 PM
#4776   HMMMMMM refer to below. Cracked pipe lol merry Christmas, longymickshort 12/11/17 09:36:35 PM
#4775   WTI Crude Oil COT Futures Large Trader Positions WTI longymickshort 12/10/17 09:58:23 AM
#4774   Then big at 55.63 WTI for a xmas longymickshort 12/06/17 12:01:37 PM
#4773   Looks like a solid trend reversal to me longymickshort 12/06/17 11:33:35 AM
#4772   What will we do with all that gasoline longymickshort 12/06/17 11:13:27 AM
#4771   Everyone chasing bitcoin today lol get some IOTA too. longymickshort 12/06/17 12:08:53 AM
#4770   Still working the bread and butter trade, GLTA longymickshort 12/05/17 10:41:56 PM
#4769   Not much upside news left I'm afraid except longymickshort 12/02/17 12:53:02 PM
#4768   I'm just spewing garbage while I'm making it longymickshort 12/02/17 12:18:00 PM
#4767   Why does Kam stop posting? That is too BOS-MMT 12/01/17 12:52:46 PM
#4766   I probably made a mistake selling my "U" purty lines 12/01/17 10:16:23 AM
#4765   opec's lips moved, probably why the dribble today. purty lines 12/01/17 12:11:28 AM
#4764   Hey LMS o think we see some nice pleeb01 11/30/17 08:28:34 PM
PostSubject