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    Technical Analysis for USO - United States Oil Fund

    Grade Last Price % Change Price Change
    F 72.02 -1.45% -1.06
    USO closed down 1.45 percent on Friday, November 1, 2024, on 1.11 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Weak or Absent Down Down Flat
    Historical USO trend table...
    Date Alert Name Type % Chg
    20 DMA Resistance Bearish 0.00%
    Fell Below 50 DMA Bearish 0.00%
    180 Bearish Setup Bearish Swing Setup 0.00%
    Gapped Up Strength 0.00%
    Crossed Above 50 DMA Bullish -1.45%
    Expansion Pivot Buy Setup Bullish Swing Setup -1.45%
    Pocket Pivot Bullish Swing Setup -1.45%
    Stochastic Reached Oversold Weakness 0.92%
    Gapped Up Strength 0.92%
    Oversold Stochastic Weakness 0.92%
    Older End-of-Day Signals for USO ...

       Recent Intraday Alerts

    Alert Time
    10 DMA Support about 22 hours ago
    Down 1% about 23 hours ago
    Fell Below 10 DMA about 23 hours ago
    50 DMA Support 1 day ago
    Fell Below 50 DMA 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: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Nov 1 U.S. drilling rig count flat again, Baker Hughes says
    Nov 1 Commodity Roundup: UBS remains bullish on gold, oil prices extend gains
    Nov 1 Why Gold Is Surging And Oil Is Not, And What It Means For Markets
    Oct 31 Oil extends gains after-hours on reports Iran preparing Israel attack
    Oct 30 Oil prices 'relaxed too quickly,' could spike after U.S. election - Standard Chartered
    Oct 30 Asia Ex-Japan And Europe Markets Dip; Gold Clocks New High, Dollar Softens - Global Markets Today While US Slept
    Oct 29 Oil hits seven-week low but price plunge may be too bearish, Commerzbank says
    Oct 29 U.S. crude stockpiles fell 573K barrels last week, API says
    Oct 29 Commodity Roundup: Brent above $72/bbl; gold near record highs with focus on U.S. election
    Oct 28 Crude oil slammed in biggest one-day percentage drop since July 2022
    See more USO news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 83.41
    52 Week Low 63.84
    Average Volume 4,008,983
    200-Day Moving Average 75.29
    50-Day Moving Average 72.73
    20-Day Moving Average 73.71
    10-Day Moving Average 72.36
    Average True Range 2.14
    RSI (14) 47.64
    ADX 12.72
    +DI 27.47
    -DI 28.99
    Chandelier Exit (Long, 3 ATRs) 72.90
    Chandelier Exit (Short, 3 ATRs) 75.55
    Upper Bollinger Bands 78.62
    Lower Bollinger Band 68.80
    Percent B (%b) 0.33
    BandWidth 13.33
    MACD Line -0.44
    MACD Signal Line -0.22
    MACD Histogram -0.2217
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 74.79
    Resistance 3 (R3) 75.07 74.44 74.33
    Resistance 2 (R2) 74.44 73.73 74.29 74.17
    Resistance 1 (R1) 73.23 73.30 72.91 72.94 74.02
    Pivot Point 72.59 72.59 72.43 72.45 72.59
    Support 1 (S1) 71.38 71.89 71.07 71.10 70.02
    Support 2 (S2) 70.75 71.45 70.60 69.87
    Support 3 (S3) 69.54 70.75 69.71
    Support 4 (S4) 69.25