Replies to post #468 on ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[PlanTrader]

I decided not to buy any more within this consolidation range. But if it makes a new low below the Jan 13th lows I'll probably add again.

[xZx]

UCO daily...

indicators look bottomed again. i think ECB stimulus is going to affect the global economy. everyone loses with oil down here, including the saudis.

and it's not like consumers were avoiding the pump when crude was over $100/barrel.

imo we'll see a reversion to the mean (dead cat bounce) to $55 a barrel shorter term, then $60s longer term.