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Bullish Case: UCO has surpassed its 200-day moving average, showcasing potential for sustained upward momentum, with recent positive institutional interest as a tailwind.


Bearish Case: Long-term historical underperformance and a significant decrease from its five-year high point to a weakness that may outweigh short-term gains.


Potential Outcomes: Bullish short-term given recent crossing of 200-day MA (40%). Bearish medium-term as historical performance looms (60%).


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April 10, 2024


ProShares Ultra Bloomberg Crude Oil Forecast

UCO        ProShares Ultra Bloomberg Crude Oil
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with UCO



USO Forecast + Options Trading Strategies   [USO]  United States Commodity Funds (0.99)


GSG Forecast + Options Trading Strategies   [GSG]  BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed (0.98)


USL Forecast + Options Trading Strategies   [USL]  United States Commodity Funds LLC - United States 12 Month Oil (0.98)


BNO Forecast + Options Trading Strategies   [BNO]  United States Commodity Funds LLC - United States Brent Crude Oil (0.97)


XOP Forecast + Options Trading Strategies   [XOP]  SPDR Oil & Gas Exploration and Production (0.92)



Uncorrelated Stock Forecasts

Assets with little price relationship to UCO



ERJ Forecast + Options Trading Strategies   [ERJ]  Embraer (-0.0)


CGC Forecast + Options Trading Strategies   [CGC]  Canopy Growth (-0.0)


POST Forecast + Options Trading Strategies   [POST]  Post (0.0)


BCS Forecast + Options Trading Strategies   [BCS]  Barclays (-0.0)


ADM Forecast + Options Trading Strategies   [ADM]  Archer Daniels Midland (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against UCO



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


LW Forecast + Options Trading Strategies   [LW]  Lamb Weston (-0.83)


TGTX Forecast + Options Trading Strategies   [TGTX]  TG Therapeutics (-0.83)


PRFT Forecast + Options Trading Strategies   [PRFT]  Perficient (-0.84)


DRIP Forecast + Options Trading Strategies   [DRIP]  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.91)





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