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 currently trading in the upper portion of a multi-year consolidation range, showing constructive bullish signs with a series of higher lows and price sustained above the 50-week and 200-week SMAs. However, the current weekly candle indicates rejection near the 80.00 level, suggesting continued resistance at the top of the range. Momentum indicators are mildly positive but lack strong conviction, with the MACD hovering near zero and RSI in neutral territory. A breakout above 83.00 is required to confirm a new long-term uptrend, while the 72.00 area provides critical support.
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USO Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is trading above key moving averages but formed a rejection candle with a long upper wick at the 80.00 resistance level this week.
Long-term Sentiment (weeks to months): Bullish
The asset is maintaining a structure of higher lows since mid-2023 and is holding above the rising 200-week and 50-week SMAs.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-15T00:04:35.616Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $72.28 | $71.66 - $72.90 | Strong | Confluence zone of the 20-week SMA (BB basis), 50-week SMA, and 200-week SMA. |
| $65.50 | $65.00 - $66.00 | Strong | Lower Bollinger Band and historical support from multiple swing lows in 2023/2024. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $79.90 | $79.80 - $80.00 | Strong | Current week's high and psychological level where selling pressure emerged. |
| $83.00 | $82.50 - $83.50 | Strong | Major structural highs from 2022 and late 2023 forming the top of the multi-year range. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Ascending Triangle | Bullish | $95.00 | Price is making a series of higher lows against a relatively flat resistance zone around 80.00-83.00. |
| Strong | Consolidation Range | Neutral | N/A | Long-term sideways movement between roughly 64.00 and 83.00 dominating the chart for two years. |
Frequently Asked Questions about USO
What is the current sentiment for USO?
The short-term sentiment for USO is currently Neutral because Price is trading above key moving averages but formed a rejection candle with a long upper wick at the 80.00 resistance level this week.. 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 $72.28 and $65.50. 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 57/100. 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.