Oil ETFs UCO USO, Ukraine War, Strategic Petroleum Reserve, OPEC, Technical Analysis, Current Events
Channel: DanMarket Investor Channel (DanMarketL)
Date: 28/07/2022

Correction:  UCO is a double leveraged ETF pegged to the price of WTI crude oil price.  It's not a triple leveraged ETF.

9/20/2022 Notes:  The CPI peaked in June at 9.1% and has been coming down for July and August.  This is a significant difference with the  1970s.  See my new video on how a soft landing is possible:  https://youtu.be/jEYs9ae5-gI

7/27/2002 Update:  I sold the UCO shares I bought on 2/27 at 3.6% gain after UCO approached the daily upper Bollinger Band and started to pull back.  I will most likely buy UCO again in the next few days at a lower price.

Original Intro:  I bought the triple leveraged oil ETF UCO earlier today because I saw the opportunity on the chart and some very interesting current events. In this video I will be talking about UCO as well as another very popular oil ETF USO.

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