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    Technical Analysis for USO - United States Oil Fund

    Grade Last Price % Change Price Change
    D 76.97 0.94% 0.72
    USO closed up 0.94 percent on Friday, May 17, 2024, on 48 percent of normal volume.
    7 Watchers
    Watchlist Portfolio

    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Up Down Up
    Historical USO trend table...
    Date Alert Name Type % Chg
    Up 3 Days in a Row Strength 0.00%
    Slingshot Bearish Bearish Swing Setup 0.94%
    Gapped Up Strength 0.94%
    200 DMA Support Bullish 1.44%
    Bullish Engulfing Bullish 1.44%
    Outside Day Range Expansion 1.44%
    Gapped Down Weakness 1.44%
    Oversold Stochastic Weakness 1.44%
    Stochastic Reached Oversold Weakness 2.34%
    Gapped Down Weakness 2.34%
    Older End-of-Day Signals for USO ...

       Recent Intraday Alerts

    Alert Time
    Up 1% about 16 hours ago
    Rose Above Previous Day's High about 17 hours ago
    60 Minute Opening Range Breakout about 18 hours ago
    60 Minute Opening Range Breakdown 2 days ago
    2x Volume Pace 2 days ago
    View Earlier Intraday Alerts

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    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: 1 bullish, 3 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    May 17 U.S. drilling rigs tick higher for first gain in four weeks, Baker Hughes says
    May 17 China Gains 1%, Europe Markets Dip, And Gold Inches Toward $2,400 Again - Global Markets Today While US Slept
    May 16 U.S. crude oil, natgas post back-to-back gains on supply data, rate cut hopes
    May 16 Asia Markets Advance While Europe Dips, Gold Closes In On $2,400 Again - Global Markets Today While US Slept
    May 15 Oil turns higher as U.S. inflation cools, crude stocks drop more than expected
    May 14 Oil slides to nine-week lows after latest inflation disappointment
    May 14 U.S. crude stockpiles fell 3.1M barrels last week, API says
    May 13 OPEC risks losing oil market share if it does not start raising output - Capital Economics
    May 13 Asia Mixed, Europe Markets Slide, Gold Dips 1.1% - Global Markets Today While US Slept
    May 11 OPEC supply in focus with oil prices still under pressure
    See more USO news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 83.41
    52 Week Low 60.03
    Average Volume 4,021,373
    200-Day Moving Average 74.32
    50-Day Moving Average 78.09
    20-Day Moving Average 77.18
    10-Day Moving Average 75.95
    Average True Range 1.35
    RSI (14) 48.72
    ADX 30.19
    +DI 16.50
    -DI 30.26
    Chandelier Exit (Long, 3 ATRs) 76.93
    Chandelier Exit (Short, 3 ATRs) 77.92
    Upper Bollinger Bands 80.91
    Lower Bollinger Band 73.46
    Percent B (%b) 0.47
    BandWidth 9.65
    MACD Line -0.72
    MACD Signal Line -0.69
    MACD Histogram -0.0322
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 78.39
    Resistance 3 (R3) 78.28 77.70 78.15
    Resistance 2 (R2) 77.70 77.34 77.75 78.07
    Resistance 1 (R1) 77.33 77.11 77.51 77.44 77.99
    Pivot Point 76.75 76.75 76.84 76.81 76.75
    Support 1 (S1) 76.39 76.39 76.57 76.50 75.95
    Support 2 (S2) 75.81 76.17 75.86 75.87
    Support 3 (S3) 75.44 75.81 75.79
    Support 4 (S4) 75.55