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    Technical Analysis for USO - United States Oil Fund

    Grade Last Price % Change Price Change
    B 81.31 0.05% 0.04
    USO closed up 0.05 percent on Friday, July 5, 2024, on 75 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
    7 Watchers
    Watchlist Portfolio

    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Up Up Up
    Historical USO trend table...
    Date Alert Name Type % Chg
    New Uptrend Bullish 0.00%
    Pocket Pivot Bullish Swing Setup 0.00%
    Gapped Up Strength 0.00%
    Overbought Stochastic Strength 0.00%
    Slingshot Bullish Bullish Swing Setup 0.05%
    Spinning Top Other 0.05%
    Overbought Stochastic Strength 0.05%
    Stochastic Sell Signal Bearish 0.25%
    Gapped Up Strength 0.25%
    Overbought Stochastic Strength 0.25%
    Older End-of-Day Signals for USO ...

       Recent Intraday Alerts

    Alert Time
    Possible Pocket Pivot about 19 hours ago
    Gap Up Closed about 21 hours ago
    60 Minute Opening Range Breakdown about 21 hours ago
    60 Minute Opening Range Breakout about 24 hours ago
    Gapped Up (Full) 1 day ago
    View Earlier Intraday Alerts

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    USO Chart by TradingView
    Basic chart:

    Profile

    The investment seeks to reflect the performance, less expenses, of the spot price of West Texas Intermediate (WTI) light, sweet crude oil. The fund will invest in futures contracts for WTI light, sweet crude oil, other types of crude oil, heating oil, gasoline, natural gas and other petroleum based-fuels that are traded on exchanges. It may also invest in other oil interests such as cash-settled options on oil futures contracts, forward contracts for oil, and OTC transactions that are based on the price of oil.
    Classification
    Keywords: Exchange Traded Fund ETF Natural Gas Crude Oil Petroleum Microeconomics Forward Contract Energy Economics West Texas Intermediate Heating Oil Brent Crude Sweet Crude Oil

    Is USO a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Jul 5 U.S. drilling rigs rise for first time in seven weeks, Baker Hughes says
    Jul 4 Gas ETFs Rise Amid Record July 4 Travel
    Jul 3 U.S. oil price climbs to highest since mid-April on sharp draw in inventories
    Jul 3 China’s imports of commodities at all-time highs and likely to stay that way, JPM says
    Jul 2 Crude oil tilts lower as hurricane fears fade, traders take some profits
    Jul 2 U.S. crude stockpiles fell 9.2M barrels last week, API says
    Jul 1 Crude oil rises to highest since April on geopolitical tensions, supply concerns
    Jun 28 U.S. drilling rigs drop for eighth time in 10 weeks in Baker Hughes count
    Jun 27 Oil price poised for monthly gain but Citi analysts say don't chase the rally
    Jun 26 Shale executives see M&A cutting into U.S. oil production, Dallas Fed survey says
    See more USO news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 83.41
    52 Week Low 63.84
    Average Volume 2,494,801
    200-Day Moving Average 74.58
    50-Day Moving Average 76.87
    20-Day Moving Average 78.08
    10-Day Moving Average 80.07
    Average True Range 1.35
    RSI (14) 65.40
    ADX 25.17
    +DI 34.09
    -DI 15.09
    Chandelier Exit (Long, 3 ATRs) 78.56
    Chandelier Exit (Short, 3 ATRs) 74.48
    Upper Bollinger Bands 83.18
    Lower Bollinger Band 72.99
    Percent B (%b) 0.82
    BandWidth 13.06
    MACD Line 1.44
    MACD Signal Line 1.04
    MACD Histogram 0.3908
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 83.37
    Resistance 3 (R3) 83.57 83.08 83.02
    Resistance 2 (R2) 83.08 82.56 82.98 82.91
    Resistance 1 (R1) 82.20 82.24 81.96 82.00 82.79
    Pivot Point 81.71 81.71 81.59 81.61 81.71
    Support 1 (S1) 80.83 81.19 80.59 80.63 79.83
    Support 2 (S2) 80.34 80.87 80.24 79.71
    Support 3 (S3) 79.46 80.34 79.60
    Support 4 (S4) 79.26