AI UCO Forecast + Trading Strategies


Bullish Case: Increased institutional interest suggests potential upward momentum. Current prices near $30 with elevated options volume, particularly for calls, indicate market optimism, positioning UCO for short-term gains.




Bearish Case: UCO faces long-term historical declines, with significant downside pressure indicated by high implied volatility. The recent price stagnation and lower market confidence may lead to further drops.




Potential Outcomes:

1. Short-term volatility spike leading to potential price increase (30% likelihood).

2. Stabilization around current pricing, reflecting expected returns (50% likelihood).

3. Downtrend continuation due to historical volatility (20% likelihood).




Trading Oracle: Engage short volatility strategies. Sell $30 puts and buy $25 puts for downside protection, position backed by current stable price environment. Expect approx. 62% odds of profit with high risk/reward ratio for near-term trades. Focus on short-term, high-probability setups amid elevated volatility.



October 13, 2024


ProShares Ultra Bloomberg Crude Oil Forecast

UCO        ProShares Ultra Bloomberg Crude Oil











Correlated Assets

Assets that tend to move strongly with UCO



USO Forecast + Options Trading Strategies   USO  United States Commodity Funds (0.95)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (0.94)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.86)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.84)


STAA Forecast + Options Trading Strategies   STAA  Staar Surgical (0.81)



Uncorrelated Assets

Assets with little price relationship to UCO



WEAT Forecast + Options Trading Strategies   WEAT  Teucrium Wheat (0.0)


ATI Forecast + Options Trading Strategies   ATI  Allegheny (0.0)


PAYO Forecast + Options Trading Strategies   PAYO  Payoneer (0.0)


SUPV Forecast + Options Trading Strategies   SUPV  Grupo Supervielle S.A. (0.0)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against UCO



WPC Forecast + Options Trading Strategies   WPC  W. P. Carey (-0.74)


TYD Forecast + Options Trading Strategies   TYD  Direxion Daily 7-10 Year Treasury Bull 3X Shares (-0.74)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.81)


CCI Forecast + Options Trading Strategies   CCI  Crown Castle International (-0.81)


SCO Forecast + Options Trading Strategies   SCO  ProShares UltraShort Bloomberg Crude Oil (-0.9)









Become a more profitable investor with AI optimized trading strategies






×

Chat with UCO


 Ask any question about UCO!