Middle East Super-Instability Precedes a super Jump in UCO CallsCould not be more bullish on UCO call contracts. 6 month windows. Wars must be fought and cleaned up before fall, and the right call contract can pay 500x your investment..
UCO trade ideas
OIL is on the TOP- touch previous high, strong resistance here
- harmonic pattern shows there is also resistance
- 5 waves is formed
prepare the trigger of short
Expecting A-B-C- Rebounded as expected
- going in a big B, the target is around the previous top @27.82
- not safe to buy when it opens with a gap
Buy in the last wave of triangle- clear pattern of triangle
- good entry at the bottom of the triangle
- set stop if it breaks downward
UCO/USOil: Strong Uptrend. Indicators just turned bullishBollinger Bands just springing open. Next band of resistance quite a ways off.
UCO Bearish Head and Shoulder PatternUCO looking bearish as it completes a short-term head and shoulders pattern and breaks the neckline and cross bottom support level. Look at PA to take price lower to around 15.25 level before considering long position.
UCO Long Swing Trade RSI (2) Strategy BreakoutUCO looking to break long after hitting 10 RSI (2) with PA following short-term bull channel, MACD crossover, trailing 5-day SMA and leading 200-day SMA. Classic.
UCO: Potential bearish Abandoned Baby Candlestick PatternNeeds to have a weekly close above $17.58 to avoid that.
UCO: Ready for the next leg up. Ready for the next leg up. First target $17.50, Second target: $19.00
UCO-Broke out of Down Channel-Starting on its own up channel.US Oil also broke out of its down channel. There should be a retest. Short term opportunity to short UCO when it hits the upper trend line at $17.50++. Watch how UCO behaves when it hit the upper down channel line. Could be a continuation of the up channel or the down channel. The trend is your friend.
Bull oilBull oil ETF for possible gain. Should it continue bull, target around 16ish and should find itself oversold on the daily then pull back. Just a short term trend thing.
UCO Long Opportunity?Based on the cyclical evolution of UCO, it could be the time to buy. The long term trend is negative and there is some potential fighting to push over $17. If somebody decides to place a buy at lower limit ($15), there could be a better risk/reward, but also a chance that this trade could be missed.
Long UCOLong on oil etf.
I'm surprised oil stocks are that low.
With OPEC agreeing on cutting oil production soon, this is poised to breakout
UCO: Buy at the openUCO has an interesting setup to go long at the open, ideally if we make a new daily low here. We can enter at the open, but it'd be nicer if we hit 8.91, risking a drop to 8.35.
Upside is considerable, and this ETF uses up half the cash compared to UCO, so it's a good vehicle to ride the post-OPEC meeting rally -if correctly diagnosed-.
Good luck,
Ivan Labrie.
UCO: We bought yesterday's closeThis is potentially a very good trade, for the time being, we can expect it to retest the top of the range. If you didn't buy with me and my clients yesterday at the close, you can buy here, risking a new low under the recent lowest low. Target is at least a retest of the previous rally's top, but it could evolve into resuming the longer term 'Time at mode' uptrend signal in the oil chart. In the case of $UCO, it could rally to 21.19.
Good luck,
Ivan Labrie.
descending wedge offers pontential setupA break below the prior low, followed by a break back above the wedge is where I see the best R/R.
Is UCO following a stair step pattern?Three times in the past couple of months UCO has followed a stair type pattern where it will bounce off resistance, break the resistance and then use it as the floor for it's next "step" up in price. Will this pattern continue with the resistance level that was broken at the $13.00 mark?
UCO-iHnS Pattern with PT $14.10. Wave 4 correction may have 1more leg down. If so, buying opp at wave 4.
An Interesting Proxy On Oil - 6 month UCO Call OptionsHello all,
if you are a bottom picker here is an interesting options play in the energy market on nothing more then a natural 'dead-cat-bounce'. I can make a realistic argument for $20 on UCO. This would be nothing more then a normal 38.2 Fib tag, gap fill and a bfrn tag (markets just love to run to big fat round numbers). I would expect this dead-cat-bounce to occur into a generally friendly time for the energy market (heading into peak summer driving season demand). Additionally, If you believe the oil price was brought down to leverage Russia into peace talks by 'the west' then today's announcement of a cease fire in Ukraine should support the idea of a bottom here too. On top of these arguments, both petro currencies (like the Cdn $) and the oil stock index's are putting in bottoms as well.
So that brings us to the trade. I am certainly not saying bet the farm on this but if you have some extra cash around this isn't a bad idea. For about $55 you can control 100 shares of UCO through to the middle of July, 2015 from $15.00 and higher. Should price move to my target area those options will have an intrinsic value of more than $5.00. Not a bad reward/risk! Indeed, if one were to pick a few up here I believe one could see $1.00 over the course of the next few months. if that should happen I would be inclined to sell half the position and get your original capital back in your hands and create a 'risk free' trade.
So one could take a position here today and instantly put an order to sell half the position at double your purchase price. Should you get filled on the first sale then by all means get your order to sell at $5.00 working on the rest.
glgt all
Brian Beamish
The Rational Investor
www.therationalinvestor.co
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