Index Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
ProShares Ultra Bloomberg Crude Oil (GIF:UCO)
Strong Uptrend (+100) - UCO is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, UCO continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for UCO
The long-term trend has been UP since Apr 21st, 2020 at 22.3480
The intermediate-term trend has been UP since Aug 5th, 2020 at 33.1398
The short-term trend has been UP since Aug 4th, 2020 at 31.6734
Smart Scan Analysis for UCO
Based on our trend formula, UCO is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).