USO Daily Technical Analysis
United States Oil Fund
Designed to track the daily price movements of West Texas Intermediate (WTI) crude oil using futures contracts. Oil prices are driven by global supply and demand, OPEC policy, geopolitics, and economic growth expectations.
USO Technical Analysis Summary
The technical structure for USO remains bullish in the long term, evidenced by price action above the 200-day and 50-day SMAs. However, short-term indicators point to a corrective phase, with a confirmed bearish MACD crossover and a sharp rejection from recent highs near $81. Investors should watch the $75.69 level (20-day SMA) as immediate support; a failure to hold there could see price retrace toward the strong confluence of major moving averages near $72.
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USO Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
The price has rejected sharply from the upper Bollinger Band with a large bearish candle (-3.18%). The MACD line has crossed below the signal line (1.73 < 1.78), and the RSI is sloping downwards from overbought territory.
Long-term Sentiment (weeks to months): Bullish
The price remains above both the 50-day (72.12) and 200-day (72.45) SMAs. The 50-day SMA recently crossed above the 200-day SMA (Golden Cross), and the overall market structure shows a series of higher highs and higher lows since December.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-12T22:07:27.417Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $75.70 | $75.60 - $75.80 | Weak | Immediate support at the 20-day SMA (Bollinger Band basis), currently being tested. |
| $72.30 | $72.10 - $72.50 | Strong | Confluence zone of the 50-day SMA and 200-day SMA. |
| $70.25 | $70.00 - $70.50 | Strong | Lower Bollinger Band and recent swing low area. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $81.20 | $80.90 - $81.50 | Strong | Recent swing high and Upper Bollinger Band resistance. |
| $83.75 | $83.00 - $84.50 | Strong | Major swing highs from July/August. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bullish Trend Channel | Bullish | N/A | Price has been adhering to a rising structure with higher lows since late 2025, supported by moving averages. |
| Weak | Bearish MACD Crossover | Bearish | N/A | The MACD line has crossed below the signal line while the histogram has turned negative, indicating a shift in short-term momentum. |
Frequently Asked Questions about USO
What is the current sentiment for USO?
The short-term sentiment for USO is currently Bearish because The price has rejected sharply from the upper Bollinger Band with a large bearish candle (-3.18%). The MACD line has crossed below the signal line (1.73 < 1.78), and the RSI is sloping downwards from overbought territory.. The long-term trend is classified as Bullish.
What are the key support levels for USO?
StockDips.AI has identified key support levels for USO at $75.70 and $72.30. These levels may represent potential accumulation zones where buying interest could emerge.
Is USO in a significant dip or a Value Dip right now?
USO has a Value Score of 88/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.