For any time of year that is high, but for November/December Crude that is HUGE!I laugh at these guys calling UCO bloated, and trying to bash... Obvious SCO holders... What makes it better is they are getting bent over!
I like $88/oil even better...Say hello to my friend Mr $12!!!
Just sold half my position @ $11.48 for over a 25% profit... Holding other half because oil is now $86+/brl.If oil breaks $90 we could see UCO jump to 52 week high..Isn't this fun?
If you truly believed that oil was heading to $90, why would you sell your UCO today?
They're just kids home from school on election day.Do you really think that everybody who posts here is a trader?!
Oil $84.26.....Can you say UCO $11+ very soon!
I'm thinking crude will peak at 87 on this leg....After that, it may relax a bit.Just an opinion though.hero