UCO trade ideas
$UCO You can catch up #UCOAMEX:UCO
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Specific goals are the current opportunity
The current quantities in this stock can rise to these specific targets
UCO Wave 5 $34.85Hello,
My Thoughts For You
We are on wave 5 now and the common length for wave 5 is equal to wave 1 or 1.618% of wave 4. Looking at the chart I decided to go with the wave 4 measured move because wave 1 equal measurement would bring wave 5 to be 29.56 which would become a truncated 5th wave and I don't see that happening given the upward pressure of the RSI which has plenty of room to move before it reaches overbought conditions on the daily TF.
If you're not sure how to get into a trade or when to take profits then check out this tutorial I have created in the comments section under "My Trade Advice For You"
Good Luck, Cheers!
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Seguimiento de UCO solo por curiosidadSeguimiento diario de UCO de forma totalmente amateur, planteando canales y usando los WMA de 9 50 y 200
UCO/USD Wave 3 begins.Hello friends,
This was a strange and difficult chart to do today. There is no real history except for the huge dump we see on the weekly chart that starts at the top and ends right where wave 1 begins. I am not certain how well this will turn out but here you have my details on the chart.
Good Luck
Cheers!
UCO EFT ProShares Ultra Bloomberg Crude Oil In 2018, oil price dropped on talk of increased global supply, slowdown in economic growth and decreased again in 2019 due to COVID-19. If the States prepare to re-opens businesses, prices could go up to 50% - 65% from $17 to $35 and then, slightly fall to 20% if the number infection people are still increasing.
Crude Oil UCOpossible recovery pattern based on looking at past crashes; (understand fundamentals are different to previous crashes)
UCO OIL Is Going To Pump Short TermI would put a stoploss around 1.70
Long positions should be put from 187-175.
Like and Follow the post, for long long term targets.
UCO - longSince, WTI futures are time bound and we can't hold it for longer term. UCO looks great for long term hold. UCO once traded at $25 and now its a bargain at $1.70. it's for a swing trade if you can't afford crude oil lots.
Vinny
Apr 6 - A Short Look Ahead for Oil/UCOPrice is ranging right now within the green box. Support looks like it should hold. There may be larger powers at be that do not want crude to fall back below $25.
Decent bounce off $2.50 support. I think it's safe to assume it'll hold for now.
$2.78 resistance needs to break in order to continue trend upwards.
Ultimately depends on the outcome of the OPEC meeting on the 9th. I believe they'll come up with a solution. It's either they do, or most of the economies around the world go into (deeper) failure.
Buy point from 2.2 to 1.86wait long
burst bubble
oil
1998/12 10.35
2001/11 16.7
good dramatic construction
Small bull move idea on oilSmall swing trade idea for bull oil. This will challenge 50 sma weekly on UCO.
Prices return to above 21 EMAPrices are targeting the area around 24.11 to regain a foothold above the 21 EMA.
UCO Oil Looking for a Place to LongOIL is trending upwards, looking to see UCO break through $26 and $28 in the next few weeks or months.
JUNE or JULY probably good dates to look at.
