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United States Oil Fund, LP (USO) Technical Analysis

Updated: 2026-06-16 09:31 UTC · Last close: 121.21 (-3.36%) · Support: 103.08 · Resistance: 130.66
United States Oil Fund, LP (USO) technical analysis page covering price structure, support and resistance, momentum conditions and a fundamentals snapshot from WOI Scanner.
⬇️ Support
103.08
⬆️ Resistance
130.66
🚀 Bullish Trigger
a clean close above 124.36 would strengthen the upside continuation case.
🔺 Technical Setup
Pattern
Triangle Compression / SYM / DOWN
State
Forming
Breakout Watch
Downtrend line not broken yet · score 0
Watch Level
132.21
Compression
82%
RSI(14)
37.0
🎯 Decision Map
The next meaningful technical decision is likely to occur between support at 103.07 and resistance at 124.36. A cleaner push through resistance would improve continuation odds, while a loss of support would weaken the current thesis. Pattern invalidation sits near 158.70, so a violation there would materially change the current setup narrative.
📊 Technical Summary
At a glance
Trend
Mixed
Momentum
Neutral
Range
63% of 52W range
Key Zone
103.08 / 130.66
The latest close for United States Oil Fund, LP (USO) came in at 121.21 (-3.36%). Medium-term tone has softened, but price remains above MA200. Momentum remains weak (-18.23%), with 52W position: 63% of range, while Volatility: ATR14 4.73%. RSI(14) is 37.0, leaving momentum in a fairly neutral range. RSI has been drifting lower recently, suggesting that upside momentum may be cooling slightly. MACD remains below its signal line, which shows that momentum confirmation is still limited. The MACD histogram is negative and weakening further, which reflects continued downside pressure.
🔺
Setup: Pattern Triangle compression remains the main pattern under review.
🎯
Key levels: Near-term structure is defined by support at 103.08 and resistance at 130.66.
🚀
Trigger: A clean break above resistance would strengthen the chart, while a loss of support would put the current setup under pressure.
💼 Fundamentals Snapshot
Source: sec
💼 Business Lens
QUALITY VIEW
Financial quality snapshot
Financial context is mixed
📈 Growth: Strong 💰 Profit: Strong 💵 Cash: Mixed 🛡 Balance: Insufficient
• Quarterly revenue growth remains strong and still points upward.
• Quarterly profitability is strong and still improving from an earlier dip.
💵 Revenue
986.39M
📈 Net Income
983.75M
🏢 Company
United States Oil Fund, LP
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Note: This is an algorithmic technical snapshot (not financial advice).
USO Chart