"UCO is ripping higher because crude surged to the highest level since the Iran-war era, and that oil price strength is poised to keep pressure on inflation and consumer budgets."
@ ~$47.77
"GET READY: BOND MARKET IS FLASHING RED!"
Latest analyst takes
"UCO is ripping higher because crude surged to the highest level since the Iran-war era, and that oil price strength is poised to keep pressure on inflation and consumer budgets."
"UCO is a useful real-time read on Iran escalation/de-escalation risk because crude-market reactions have been relatively measured, with UCO holding support around 35 but showing slight resistance as he waits for what happens in Pakistan/sea-traffic constraints."
"UCO has a historically repeatable support area around the mid-30s and he bought a small amount there, but the key question is whether crude-related risk persists if the Strait of Hormuz stays closed."