UCO / Crude Oil Price Forecast – Crude Oil Markets Struggle With Resistance

UCO is a double-long instrument that aims to return two times the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. ProShares more_horizontal

The recent performance of the ProShares Ultra Bloomberg Crude Oil ETF has surpassed our expectations, delivering a 29% gain since we re-established ou more_horizontal

Crude oil prices have turned higher and could potentially reach triple digits, with a technical breakout indicating higher prices. The US Strategic Pe more_horizontal

China's economic outlook is driving down crude oil prices, but tight inventories and potential OPEC production cuts could lead to a rebound in prices. more_horizontal

WTI Highlights Oil prices decline due to U.S. debt ceiling concerns Weekly gains provide temporary respite for Brent and WTI crude prices Chinese dema more_horizontal

Oil prices face pressure from rising US crude stockpiles, weak economic data, and persistent demand concerns. more_horizontal

Oil futures fell Monday, kicking off May on a weak note after the U.S. benchmark eked out an April gain to snap a string of five straight monthly decl more_horizontal

Crude oil markets have pulled back a bit during the trading session on Monday to kick off the week on the back foot. more_horizontal