Free Daily Analysis

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.

GIF_UCO
Open High Low UCO Price Change
32.1426 32.1426 32.1426 32.1426 +0.0007
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 Aug 5th, 2020 at 33.1398

short term up 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).

+100
Smart Scan Analysis for UCO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.1426 32.1426 32.1426 32.1426 +0.0007
Prev. Close Volume Bid Ask Time
25.4144 0 2020-08-12 08:00:08
Get a free daily analysis and signals for ProShares Ultra Bloomberg Crude Oil (UCO) - Request Your Free Report.