ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[purty lines]

Daily chart is showing me a bit more down for oil. support or at least a bounce areas is somewhere around 48.79. That number has been mentioned on here before (Kam? Pleeb?). the 78.6% level (21.4% FIB. off the high) is right at 50.60, pretty much where its been most of this afternoon. Hopefully others might chime in here, but I see it heading a little lower FWIW. Again, JMHO