--> Trading Strategies Blog

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.

Continue Reading...
Follow us on Twitter

Latest Tweets