UCO Forecast + Trading Strategies


Bullish Case: Increased institutional interest and short-term momentum, with UCO recently crossing the 200-day moving average, indicate potential for a positive rebound.


Bearish Case: Historical data indicates long-term underperformance with significant losses. The current implied volatility surface also suggests heightened uncertainty.


Potential Outcomes: Price stabilization (45%), continued long-term downtrend (30%), short-term uptick (25%) due to recent momentum.


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July 18, 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 (0.98)


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


ERX Forecast + Options Trading Strategies   ERX  Direxion Daily Energy Bull 2X Shares (0.85)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.85)


VDE Forecast + Options Trading Strategies   VDE  Vanguard Group, Inc. - Vanguard Energy (0.85)



Uncorrelated Assets

Assets with little price relationship to UCO



DVY Forecast + Options Trading Strategies   DVY  BlackRock Institutional Trust Company N.A. - iShares Select Dividend (0.0)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.0)


WW Forecast + Options Trading Strategies   WW  WW International (-0.0)


PFG Forecast + Options Trading Strategies   PFG  Registered Shares (-0.0)


AME Forecast + Options Trading Strategies   AME  Ametek (0.0)



Anticorrelated Assets

Assets that tend to move strongly against UCO



DT Forecast + Options Trading Strategies   DT  Dynatrace (-0.7)


PLNT Forecast + Options Trading Strategies   PLNT  Planet Fitness (-0.74)


CCI Forecast + Options Trading Strategies   CCI  Crown Castle International (-0.8)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.81)


SCO Forecast + Options Trading Strategies   SCO  ProShares UltraShort Bloomberg Crude Oil (-0.88)





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