AI UCO Forecast + Trading Strategies


Bullish Case: Recent institutional interest and enhanced implied volatility suggest potential upward momentum for UCO, especially if geopolitical tensions influence oil prices positively.


Bearish Case: Continuous historical losses and high implied volatility reflect market skepticism, posing risks of price declines, especially if crude oil prices stay stagnant or drop.


Potential Outcomes:

1) Price rally to $30 (30%);

2) Stabilization around $25 (40%);

3) Drop to $22 (30%). Outcomes depend on market sentiment and geopolitical developments.


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September 10, 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)


XES Forecast + Options Trading Strategies   XES  SPDR Series Trust - SPDR Oil & Gas Equipment and Services (0.84)


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



Uncorrelated Assets

Assets with little price relationship to UCO



IOVA Forecast + Options Trading Strategies   IOVA  Iovance Biotherapeutics (-0.0)


UGL Forecast + Options Trading Strategies   UGL  ProShares Ultra Gold (0.0)


BYND Forecast + Options Trading Strategies   BYND  Beyond Meat (0.0)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.0)


ATI Forecast + Options Trading Strategies   ATI  Allegheny (0.0)



Anticorrelated Assets

Assets that tend to move strongly against UCO



SBAC Forecast + Options Trading Strategies   SBAC  SBA Communications (-0.74)


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


ZTS Forecast + Options Trading Strategies   ZTS  Zoetis (-0.77)


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


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





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