Home > Boards > Other Markets > ETFs > ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

A few things to keep in mind.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
zsvq1p Member Profile
 
Followed By 29
Posts 5,289
Boards Moderated 2
Alias Born 07/18/03
160x600 placeholder
zsvq1p   Thursday, 03/26/20 09:24:09 AM
Re: None
Post # of 5755 
A few things to keep in mind.

Demand for Oil is going to be low...

You can see by the storage facilities are filling up. This will mean continued pressure on supply... stop supplying...

Trump is buying the oil and placing in the large salt domes.. This is really not market driven but.. government driven.

A US rep is meeting with OPEC.. they want oil producers to stop pumping. They want Russia and OPEC to cut.. this will help lower supply.. lower supply equals pressure to raise price.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist