tradethepoolpool ads

Proshares Ultra Bloomberg Crud $UCO Proactive Strategies

Longer Term Trading Plans for UCO
  • Buy UCO slightly over 22.98 target 26.17 stop loss @ 22.91 Details
  • The technical summary data tells us to buy UCO near 22.98 with an upside target of 26.17. This data also tells us to set a stop loss @ 22.91 to protect against excessive loss in case the stock begins to move against the trade. 22.98 is the first level of support below 24.96 , and by rule, any test of support is a buy signal. In this case, support 22.98 is being tested, a buy signal would exist.

  • Short UCO slightly under 26.17, target 22.98, stop loss @ 26.25 Details
  • The technical summary data is suggesting a short of UCO as it gets near 26.17 with a downside target of 22.98. We should have a stop loss in place at 26.25though. 26.17 is the first level of resistance above 24.96, and by rule, any test of resistance is a short signal. In this case, if resistance 26.17 is being tested, a short signal would exist.

Swing Trading Plans for UCO
  • Buy UCO slightly over 26.17, target n/a, Stop Loss @ 26.09 Details
  • If 26.17 begins to break higher, the technical summary data tells us to buy UCO just slightly over 26.17, with an upside target of n/a. The data also tells us to set a stop loss @ 26.09 in case the stock turns against the trade. 26.17 is the first level of resistance above 24.96, and by rule, any break above resistance is a buy signal. In this case, 26.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short UCO slightly near 26.17, target 24.37, Stop Loss @ 26.25. Details
  • The technical summary data is suggesting a short of UCO if it tests 26.17 with a downside target of 24.37. We should have a stop loss in place at 26.25 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 26.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for UCO
  • Buy UCO slightly over 26.17, target n/a, Stop Loss @ 26.11 Details
  • If 26.17 begins to break higher, the technical summary data tells us to buy UCO just slightly over 26.17, with an upside target of n/a. The data also tells us to set a stop loss @ 26.11 in case the stock turns against the trade. 26.17 is the first level of resistance above 24.96, and by rule, any break above resistance is a buy signal. In this case, 26.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short UCO slightly near 26.17, target 24.52, Stop Loss @ 26.23. Details
  • The technical summary data is suggesting a short of UCO if it tests 26.17 with a downside target of 24.52. We should have a stop loss in place at 26.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 26.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our Proshares Ultra Bloomberg Crud (UCO) Page here: UCO.

UCO Ratings for July 07:

Term →Near Mid Long
Rating Strong Neutral Weak
P1 0 0 19.73
P2 23.82 22.84 22.98
P3 24.52 24.37 26.17
Triggers may have already come
Get Real Time Triggers Here
Support and Resistance Plot Chart for UCO

UCO Long Term Analysis for July 7 2023

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:
Instructions:
  • Click the Get Real Time Updates button below.

  • In the login prompt, select forgot username

  • Type the email you use for Factset

  • Use the user/pass you receive to login

  • You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Our Market Crash Leading Indicator isEvitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

Don't over think it!  Trading Proshares Ultra Bloomberg Crud (NYSE: UCO) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for UCO change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if UCO is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for UCO too.  All of these are offered below the Summary Table.