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Index Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

ProShares Ultra Bloomberg Crude Oil (GIF:UCO)

Long-Term Uptrend (+90) - UCO is in a strong uptrend that is likely to continue. While UCO is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid UCO?

MarketClub looks at technical strength and momentum to determine if the timing is right for UCO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

GIF_UCO
Open High Low UCO Price Change
22.8059 23.3827 21.1951 22.5495 -0.8331
Entry Signal

MarketClub’s Trade Triangles for UCO

long term up The long-term trend has been UP since Apr 21st, 2020 at 22.3480

intermediate term up The intermediate-term trend has been UP since Apr 21st, 2020 at 2.9354

short term up The short-term trend has been UP since May 15th, 2020 at 17.6954

Smart Scan Analysis for UCO

Based on our trend formula, UCO is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for UCO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.8059 23.3827 21.1951 22.5495 -0.8331
Prev. Close Volume Bid Ask Time
1.5450 0 2020-05-22 19:13:26
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