Replies to post #4846 on ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[Smilin_B]

Don't have the time right now to get into a detailed analysis because I'm taking care of some issues but listen. Brent & WTI are heading sub $20 a barrel so for the time being hold off on purchases of both the USO & UCO. Analysts are predicting $15 crude so I would personally wait until crude hits about $17 a barrel to begin scaling into these two instruments, utilizing profits from day and swing trading UCO and rolling them into longer-term investments into the USO