% | $
Quotes you view appear here for quick access.

ProShares Ultra Bloomberg Crude Oil Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • 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.

13.07-0.17(-1.28%)May 26 4:00 PMEDT