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UCO / Is It Time To Load Up On UCO?

Is It Time To Load Up On UCO?
Crude oil prices have turned higher and could potentially reach triple digits, with a technical breakout indicating higher prices. The US Strategic Petroleum Reserve (SPR) is at a four-decade low, limiting the administration's ability to combat rising oil prices. Factors such as production cuts by Saudi Arabia, the war in Ukraine, and declining inventories support higher oil prices in the coming weeks. Read More
Posted: Aug 7 2023, 16:25
Author Name: Seeking Alpha
Views: 112424

UCO News  

UCO: After A Slow Start, Oil Has Plenty Of Bullish Momentum Now

By Seeking Alpha
September 5, 2023

UCO: After A Slow Start, Oil Has Plenty Of Bullish Momentum Now

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

UCO: We Are Taking Profits, Neutral Crude For Now (Rating Downgrade)

By Seeking Alpha
August 18, 2023

UCO: We Are Taking Profits, Neutral Crude For Now (Rating Downgrade)

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

Is It Time To Load Up On UCO?

By Seeking Alpha
August 7, 2023

Is It Time To Load Up On UCO?

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

UCO: Re-Establishing Our Bullish View On Crude

By Seeking Alpha
June 26, 2023

UCO: Re-Establishing Our Bullish View On Crude

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

Oil Price Forecast: Weakening Amid Debt Ceiling Concerns, Fuel Demand Threatened

By FXEmpire
May 21, 2023

Oil Price Forecast: Weakening Amid Debt Ceiling Concerns, Fuel Demand Threatened

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 Price Forecast: Concerns Persist as API Stockpiles Surge Unexpectedly

By FXEmpire
May 17, 2023

Oil Price Forecast: Concerns Persist as API Stockpiles Surge Unexpectedly

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

Oil under renewed pressure ahead of this week's Fed meeting

By Market Watch
May 1, 2023

Oil under renewed pressure ahead of this week's Fed meeting

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 Price Forecast – Crude Oil Markets Struggle With Resistance

By FXEmpire
April 17, 2023

Crude Oil Price Forecast – Crude Oil Markets Struggle With Resistance

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


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