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ProShares Ultra Bloomberg Crude Oil Message Board

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  • jariulmer jariulmer Jun 19, 2012 9:53 PM Flag

    UCO BETTER HOLD 25.88.....OR

    It wont. Historically every major rapid drop in oil is followed by a period of holding at some resistance level then another sharp fall. Given the slow down in industry, the flat lining of most major economies and all the political pressures acting against a higher oil price I see these factors pushing oil below its current resistance. Notwithstanding I fully expect UCO to rocket back to the +35 range, albeit in 3-5 months.

 
UCO
47.32-1.16(-2.39%)May 22 4:00 PMEDT