Technical Analysis for USL - United States 12 Month Oil

Grade Last Price % Change Price Change
C 38.83 -0.56% -0.22
USL closed down 0.56 percent on Friday, May 31, 2024, on 26 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Fell Below 20 DMA Bearish -0.56%
Expansion Pivot Sell Setup Bearish Swing Setup -0.56%
Bollinger Band Squeeze Range Contraction -0.56%
Fell Below 50 DMA Bearish -1.71%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -1.71%

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Profile

The investment seeks to replicate the changes in percentage terms of the price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the changes in the average of the prices of 12 futures contracts on crude oil traded on the NYMEX. The fund will consist of the near month contract to expire and the contracts for the following eleven months, for a total of 12 consecutive months' contracts. When calculating the daily movement of the average price of the 12 contracts each contract month will be equally weighted.
Classification

Keywords: Exchange Traded Fund ETF Crude Oil Petroleum Commodity Markets Futures Markets Futures Exchanges New York Mercantile Exchange Brent Crude Sweet Crude Oil

Is USL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 42.0208
52 Week Low 30.795
Average Volume 6,359
200-Day Moving Average 38.14
50-Day Moving Average 39.88
20-Day Moving Average 39.10
10-Day Moving Average 39.18
Average True Range 0.50
RSI (14) 44.44
ADX 27.11
+DI 25.55
-DI 40.05
Chandelier Exit (Long, 3 ATRs) 38.44
Chandelier Exit (Short, 3 ATRs) 39.76
Upper Bollinger Bands 39.83
Lower Bollinger Band 38.38
Percent B (%b) 0.31
BandWidth 3.71
MACD Line -0.17
MACD Signal Line -0.19
MACD Histogram 0.0207
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 39.18
Resistance 3 (R3) 39.14 38.99 39.12
Resistance 2 (R2) 38.99 38.90 39.01 39.10
Resistance 1 (R1) 38.91 38.84 38.95 38.95 39.08
Pivot Point 38.75 38.75 38.77 38.77 38.75
Support 1 (S1) 38.68 38.67 38.72 38.72 38.58
Support 2 (S2) 38.52 38.61 38.54 38.56
Support 3 (S3) 38.45 38.52 38.54
Support 4 (S4) 38.48