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After undercutting and closing below support of the 20-day EMA on Thursday, the ProShares Ultra Dow Jones-AIG Crude Oil ETF (UCO) reversed and closed higher on Friday, on an increase in volume. UCO is now poised for a potential move higher. A move above the December 8th high of $42.40 could provide a long entry trigger for this ETF. We are placing UCO on the watchlist. Trade details are available to our subscribers in the watchlist section of the newsletter.

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