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 is in a powerful long-term uptrend, characterized by a recent parabolic breakout to new highs. Both short and long-term sentiment are firmly bullish, supported by positive MA alignment and strong momentum indicators. While the steep ascent may eventually lead to a consolidation or pullback, the dominant trend remains clearly upward.
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USO Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is in a steep uptrend, making new highs, supported by rising short-term moving averages and strong momentum indicated by the MACD.
Long-term Sentiment (weeks to months): Bullish
The long-term trend is up, with the 50-week SMA crossing above the 200-week SMA (golden cross), and price trading well above all major moving averages.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-05-16T09:11:50.325Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $105.00 | $100.00 - $110.00 | Strong | Major structural support zone from previous consolidation and the rising 50-week SMA. |
| $90.00 | $85.00 - $95.00 | Strong | Long-term support level near the 200-week SMA and previous multi-year highs. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $155.00 | $150.00 - $160.00 | Weak | Psychological round numbers and potential near-term exhaustion points, though no clear historical resistance is visible above the current price. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Parabolic Advance | Bullish | N/A | Price has accelerated sharply upwards, breaking out of a long-term base into a steep ascent. |
Frequently Asked Questions about USO
What is the current sentiment for USO?
The short-term sentiment for USO is currently Bullish because Price is in a steep uptrend, making new highs, supported by rising short-term moving averages and strong momentum indicated by the MACD.. 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 $105.00 and $90.00. 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 36/100. 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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