USO Monthly 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 has broken out of a multi-year consolidation base spanning 2020 to 2025 on unprecedented monthly volume, marking a major secular trend transition. Price is currently consolidating just below the declining 200-month SMA and upper Bollinger Band near 143.00, which serves as immediate major resistance. While near-term pauses or pullbacks toward the 90.00–92.00 zone are structurally healthy, the long-term outlook remains constructive above the 50-month moving average.
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USO Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price recently executed a sharp upward breakout accompanied by extreme volume, maintaining position well above the rising 20-month and 50-month moving averages with RSI holding strong in the mid-60s.
Long-term Sentiment (weeks to months): Bullish
A completed multi-year base breakout above the 50-month SMA marks a structural regime shift from the prolonged 2014-2020 secular downtrend toward long-term expansion.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-09-01T06:39:46.884Z
- Model: gemini-3.7-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $88.50 | $85.00 - $92.00 | Strong | Prior multi-year range highs coinciding with the 20-month SMA. |
| $75.00 | $70.00 - $80.00 | Strong | Major multi-year base support zone aligned with the rising 50-month SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $142.50 | $140.00 - $145.00 | Strong | Key secular barrier defined by the declining 200-month SMA and the upper Bollinger Band. |
| $300.00 | $280.00 - $320.00 | Weak | Major historical breakdown level from the 2011-2014 trading range. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Secular Base Breakout | Bullish | $200.00 | A multi-year rounding accumulation base spanning from 2020 through 2025, resolved to the upside via a massive high-volume expansion candle. |
Frequently Asked Questions about USO
What is the current sentiment for USO?
The short-term sentiment for USO is currently Bullish because Price recently executed a sharp upward breakout accompanied by extreme volume, maintaining position well above the rising 20-month and 50-month moving averages with RSI holding strong in the mid-60s.. 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 $88.50 and $75.00. 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 14/100. 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.