UCO in Buy ZoneMy trading plan is very simple.
I buy or sell when at three of these events happen:
* Price tags the top or bottom of parallel channel zones
* Money flow spikes beyond it's Bollinger Bands
* Stochastic Momentum Index (SMI) at near oversold overbought level
* Price at Fibonacci levels
So...
Here's
Key stats
About ProShares Ultra Bloomberg Crude Oil
Home page
Inception date
Nov 25, 2008
Structure
Commodities Pool
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
UCO seeks double the return of its futures-based index on a daily basisreflecting both the returns due to price changes on WTI futures contracts as well as any return (positive or negative) from rolling those futures contracts. As a geared product, UCO is designed for a one-day holding period, it`s not appropriate for buy-and-hold investors. Daily compounding can lead to the fund`s returns varying significantly from those of the index over holding periods of greater than one day. UCO is a great choice for a leveraged energy play.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
UCO Stock Chart Fibonacci Analysis 021125Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 28/61.80%
Chart time frame: B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E
Slowly starting to scale in on OILThe fundamental outlook for oil is looking bullish. Despite seasonality favoring lower crude oil prices towards the end of the year, the conflicts in the Middle East are pushing prices higher.
Technically, the downward move that has been in place since the beginning of July could now experience a co
UCO to $30MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading system is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM
UCO a crude oil ETF LONGUCO popped in April and then dropped into a consolidation in May and June where
it set up a base shown by the POC line on the volume profile. Once over the POC
on July 6th on the daily chart coinciding with a golden cross on the HMA 56/210
combination the bull trend began. The dual time frame R
Crude Awakening: Why Oil is Set to Explode Crude Oil has been in Wave 2 since June of last year, which is a corrective wave that typically follows a five-wave impulsive move. During this time, prices have been consolidating in a range, forming a base for the next impulsive move to the upside. Recently, Crude Oil bottomed out during the middl
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.