Proshares Ultrashort Bloomberg Crude Oil ETF Forecast

Buy or Hold candidate since Jun 09, 2026 Gain 21.73%

The ProShares UltraShort Bloomberg Crude Oil ETF price gained 2.31% on the last trading day (Wednesday, 17th Jun 2026), rising from $31.15 to $31.87. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 7.52% from a day low at $29.66 to a day high of $31.89. The price has risen in 8 of the last 10 days and is up by 29.08% over the past 2 weeks. Volume fell on the last day by -881 thousand shares and in total, 8 million shares were bought and sold for approximately $262.27 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current short-term trend, the ETF is expected to fall -24.24% during the next 3 months and, with a 90% probability hold a price between $1.87 and $24.15 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

SCO Signals & Forecast

The ProShares UltraShort Bloomberg Crude Oil ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $28.35 and $23.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 15, 2026, and so far it has risen 428.52%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for ProShares UltraShort Bloomberg Crude Oil ETF

ProShares UltraShort Bloomberg Crude Oil finds support from accumulated volume at $31.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $2.23 between high and low, or 7.52%. For the last week, the ETF has had daily average volatility of 5.73%.

Our recommended stop-loss: $30.86 (-3.16%) (This ETF has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (SCO) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect ProShares UltraShort Bloomberg Crude Oil to open at $31.14, and during the day (based on 14 day Average True Range), to move between $30.82 and $32.92, which gives a possible trading interval of +/-$2.11 (+/-6.84%) up or down from last closing price. If ProShares UltraShort Bloomberg Crude Oil takes out the full calculated possible swing range there will be an estimated 6.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $31.72 (0.47%) than the resistance at $32.84 (3.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ProShares UltraShort Bloomberg Crude Oil ETF A Buy?

Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.

Current score: 3.875 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 18, 2026 - $31.14 ( 2.30%).

Want to trade but not sure how? Our step-by-step guide can help.
Skip the guide? Open account with our trusted broker*
*Your capital is at risk