Wednesday, January 2, 2013

Proshares UCO Hitting Resistance

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Proshares Ultra Crude Oil (UCO) is testing resistance around the $30 level. ITZ believe it has more upside targeting $35. The GOR Gold-Oil Ratio chart as posted in previous posts, although raising a caution flag, still has some more to go. ITZ average cost basis $30.60 on UCO.

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