Technical Analysis for USO - United States Oil Fund
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 73.22 | 1.67% | 1.20 |
USO closed down 0.4 percent on Wednesday, November 20, 2024, on 35 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It ran into resistance at its 50 day moving average.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 20 DMA Resistance | Bearish | 1.67% | |
| 50 DMA Resistance | Bearish | 1.67% | |
| Cup with Handle | Other | 1.67% | |
| NR7 | Range Contraction | 1.67% | |
| Gapped Up | Strength | 1.67% | |
| 20 DMA Resistance | Bearish | 1.26% | |
| 50 DMA Resistance | Bearish | 1.26% | |
| Cup with Handle | Other | 1.26% | |
| Doji - Bearish? | Reversal | 1.26% | |
| Cup with Handle | Other | 1.60% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | 32 minutes ago |
| Possible NR7 | about 2 hours ago |
| 60 Minute Opening Range Breakdown | about 4 hours ago |
| 50 DMA Resistance | about 4 hours ago |
| 50 DMA Support | about 5 hours ago |
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Basic chart:
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.
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
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
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 83.41 |
| 52 Week Low | 63.84 |
| Average Volume | 3,886,336 |
| 200-Day Moving Average | 75.43 |
| 50-Day Moving Average | 72.74 |
| 20-Day Moving Average | 72.25 |
| 10-Day Moving Average | 71.76 |
| Average True Range | 1.92 |
| RSI (14) | 48.72 |
| ADX | 11.33 |
| +DI | 22.09 |
| -DI | 26.03 |
| Chandelier Exit (Long, 3 ATRs) | 69.80 |
| Chandelier Exit (Short, 3 ATRs) | 74.90 |
| Upper Bollinger Bands | 75.47 |
| Lower Bollinger Band | 69.02 |
| Percent B (%b) | 0.46 |
| BandWidth | 8.93 |
| MACD Line | -0.44 |
| MACD Signal Line | -0.39 |
| MACD Histogram | -0.0497 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 73.88 | ||||
| Resistance 3 (R3) | 73.95 | 73.39 | 73.57 | ||
| Resistance 2 (R2) | 73.39 | 72.92 | 73.36 | 73.47 | |
| Resistance 1 (R1) | 72.71 | 72.63 | 72.43 | 72.64 | 73.36 |
| Pivot Point | 72.15 | 72.15 | 72.02 | 72.12 | 72.15 |
| Support 1 (S1) | 71.47 | 71.68 | 71.19 | 71.40 | 70.68 |
| Support 2 (S2) | 70.91 | 71.39 | 70.88 | 70.57 | |
| Support 3 (S3) | 70.23 | 70.91 | 70.47 | ||
| Support 4 (S4) | 70.16 |
