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JohnsonLamay
21 nov 2022 16:56

UCO Weekly Fib & VWAP Lång

ProShares Ultra Bloomberg Crude OilArca

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Looking for reversal upon the 0.618 or 0.786 zone, this chart is right in line with USOIL, unlike GUSH, which is lagging well behind USOIL. Building a solid bottom along the 0.618 level. If USOIL moves lower to the $72.00 range, we could see a prime entry at the 0.786 level on UCO of around $20.90.

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