USO Weekly 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 remains in a powerful macro uptrend following its multi-year base breakout, with moving averages (20, 50, and 200 weeks) sequentially stacked in bullish alignment. The recent sharp recovery back into the 160-163 resistance zone retests the cycle highs, though slight resistance near the upper Bollinger Band suggests potential consolidation before further continuation. Long-term technical structure remains intact as long as the 102-108 swing support and the 50-week SMA continue to hold on pullbacks.
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USO Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has rebounded vigorously from the 105 support zone back toward recent cycle highs near 163, maintaining position above the rising 20-week moving average with RSI holding firmly in bullish territory at 63.82.
Long-term Sentiment (weeks to months): Bullish
The broader trend is characterized by a decisive expansion out of a multi-year base (70-85 range), supported by a positive alignment where the 50-week MA (104.90) trades well above the rising 200-week MA (80.50).
Report Metadata
- Timeframe: weekly
- Generated at: 2026-09-18T21:08:08.096Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $127.50 | $125.00 - $130.00 | Moderate | Confluence of the rising 20-week SMA (129.64) and intermediate price pauses during the recent advance. |
| $105.00 | $102.00 - $108.00 | Strong | Recent major weekly swing low and confluence with the rising 50-week SMA (104.90). |
| $81.50 | $78.00 - $85.00 | Strong | Major multi-year structural breakout zone aligned with the rising 200-week SMA (80.50). |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $162.50 | $160.00 - $165.00 | Strong | Prior swing high resistance and the current weekly high peak at 163.35, near the upper Bollinger Band. |
| $177.50 | $175.00 - $180.00 | Moderate | Key psychological round-number extension level above the 2026 highs. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Retest of Prior High | Neutral | N/A | After a deep retracement down to the 105 level, price aggressively recovered to retest the prior peak at 160-163, currently showing minor rejection near the upper Bollinger Band. |
| Strong | Multi-Year Base Breakout | Bullish | $180.00 | Explosive upward trend that began following an extended multi-year consolidation range between 60 and 85, transitioning into a strong secular uptrend. |
Frequently Asked Questions about USO
What is the current sentiment for USO?
The short-term sentiment for USO is currently Bullish because Price has rebounded vigorously from the 105 support zone back toward recent cycle highs near 163, maintaining position above the rising 20-week moving average with RSI holding firmly in bullish territory at 63.82.. 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 $127.50 and $105.00. 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 33/100. 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.
View the full interactive analysis on StockDips.AI.