ProShares Ultra Bloomberg Crude Oil (UCO)

UCO: Crude Sell-Off Overdone, Watch For That Rebound (Rating Upgrade)

Following the sharp sell-off over the past two trading sessions, we now see an imminent technical rebound in WTI crude that should present an attractive trading opportunity. Taking advantage of UCO's 2X leveraged exposure to WTI crude, we have previously demonstrated how we amplified returns on our bullish view in December 2022 and again in June 2023. Once again, we see current levels on WTI crude as a compelling opportunity to re-establish our bullish view. We expect prices to rebound forcefully over the next 1-3 months.