UCO

Technical Sentiment Analysis for ProShares Ultra Bloomberg Crude Oil (UCO). As of 2026-03-02, ProShares Ultra Bloomberg Crude Oil (UCO) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 15 technical signals, shows that 10 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for UCO stands at 72.53, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 1.13, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 85.03 and the Commodity Channel Index (CCI) at 233.34 further confirm a 5.21 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, UCO is trading below its 60-day moving average of $21.5 and below its 200-day long-term moving average of $22.19. Key price levels to watch include the immediate resistance at $28.28 and strong support at $21.72. A break above $28.28 could signal a bull continuation, while falling below $21.72 may test the next Fibonacci floor at $18.56.