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
USO displays a bullish short-term bias after reclaiming the 200-day SMA and breaking out of a tight moving average cluster around $70–$72. The MACD histogram is expanding positively, and the RSI indicates growing momentum without being overbought, suggesting room for further upside toward the $76 resistance level. However, the long-term picture remains neutral as the broader trend is sideways, evidenced by the flat slope of the 200-day moving average.
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USO Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has decisively broken above the 20, 50, and 200-day SMAs. Momentum is strong with a positive MACD crossover and rising RSI.
Long-term Sentiment (weeks to months): Neutral
The 200-day SMA is flat, indicating a long-term sideways trend. Price remains within a broad multi-month consolidation range despite the recent breakout.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T15:20:43.329Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $71.04 | $70.31 - $71.77 | Strong | Cluster of 20, 50, and 200-day Moving Averages acting as a key confluence zone. |
| $66.66 | $66.00 - $67.33 | Strong | Recent swing lows and location of the lower Bollinger Band. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $76.50 | $76.00 - $77.00 | Weak | Local highs from recent consolidation peaks in late 2025. |
| $81.00 | $80.00 - $82.00 | Strong | Major structural resistance from mid-2025 highs. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Bottom | Bullish | $76.00 | Price formed two distinct lows around the 66.00 level before reversing higher. |
| Strong | Moving Average Compression Breakout | Bullish | N/A | The 20, 50, and 200 SMAs converged tightly, followed by the current price expansion to the upside. |
Frequently Asked Questions about USO
What is the current sentiment for USO?
The short-term sentiment for USO is currently Bullish because Price has decisively broken above the 20, 50, and 200-day SMAs. Momentum is strong with a positive MACD crossover and rising RSI.. The long-term trend is classified as Neutral.
What are the key support levels for USO?
StockDips.AI has identified key support levels for USO at $71.04 and $66.66. 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 52/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
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