USO Daily Technical Analysis
United States Oil Fund
Designed to track the daily price movements of West Texas Intermediate (WTI) crude oil using futures contracts. Oil prices are driven by global supply and demand, OPEC policy, geopolitics, and economic growth expectations.
USO Technical Analysis Summary
USO is in a clear long-term uptrend, evidenced by the price holding above a rising 200-day moving average. In the short term, the asset is experiencing a consolidation phase, trading sideways near the 50-day moving average. Indicators like MACD and RSI suggest a balanced market currently, awaiting a catalyst for the next directional move.
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USO Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is consolidating near the middle of the Bollinger Bands and just above the 50-day moving average. MACD is below the signal line but the histogram is rising, and RSI is near 50, indicating a lack of clear short-term directional momentum.
Long-term Sentiment (weeks to months): Bullish
The long-term trend remains upward, with price trading well above a rising 200-day moving average, and the 50-day moving average is also sloping upwards above the 200-day.
Report Metadata
- Timeframe: daily
- Generated at: 2026-06-02T14:15:39.878Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $133.75 | $133.00 - $134.50 | Strong | Zone around the rising 50-day moving average and recent swing lows. |
| $126.00 | $125.00 - $127.00 | Strong | Prior significant consolidation area and swing low before the most recent leg up. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $140.25 | $139.50 - $141.00 | Weak | Area around the upper Bollinger Band and recent minor swing high. |
| $153.50 | $152.00 - $155.00 | Strong | Recent multi-month highs and the upper boundary of the larger structure. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Weak | Consolidation / Pullback | Neutral | N/A | Price is experiencing a pullback and sideways consolidation after a strong upward move, currently testing dynamic support at the 50-day MA. |
Frequently Asked Questions about USO
What is the current sentiment for USO?
The short-term sentiment for USO is currently Neutral because Price is consolidating near the middle of the Bollinger Bands and just above the 50-day moving average. MACD is below the signal line but the histogram is rising, and RSI is near 50, indicating a lack of clear short-term directional momentum.. The long-term trend is classified as Bullish.
What are the key support levels for USO?
StockDips.AI has identified key support levels for USO at $133.75 and $126.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is USO in a significant dip or a Value Dip right now?
USO has a Value Score of 50/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.