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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)


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 (0.93)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.92)



Uncorrelated Stock Forecasts

Assets with little price relationship to UCO



AX Forecast + Options Trading Strategies   AX  Axos Financial (-0.0)


BRX Forecast + Options Trading Strategies   BRX  Brixmor Property (-0.0)


GLBE Forecast + Options Trading Strategies   GLBE  Global E Online (-0.0)


HOG Forecast + Options Trading Strategies   HOG  Harley-Davidson (0.0)


TTWO Forecast + Options Trading Strategies   TTWO  Take-Two Interactive Software (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against UCO



TGTX Forecast + Options Trading Strategies   TGTX  TG Therapeutics (-0.82)


CCI Forecast + Options Trading Strategies   CCI  Crown Castle International (-0.83)


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


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.92)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.92)





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