Total Quality
Score
If You Had Traded on This Analysis…
Correct
USO
Long Entry 118.8400 2026-03-18 03:31 UTC
Target 123.6600 In 1 Days Fail 115.1100
Risk/Reward 1 : 1
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Final PnL
4.06%
P/L:
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USO
Correct
Stocks
Technical
1H
Analysis Predict Bull Market
The United States Oil Fund, LP (USO) ETF holds buy signals from both short and long-term Moving Averages, giving a positive forecast for the ETF. The current level may hold a buying opportunity as there is a fair chance for USO to perform well in the short-term. However, the RSI (14) is at 84, indicating a very high risk. A sell signal from a pivot top found two days ago, with decreasing volume, suggests potential for a downward movement. Given the mixed signals, caution is advised. Potential support levels are identified at $118.39 and $115.11, with resistance at $119.89. A break above $120.71 could signal further upward momentum, while a break below $115.11 could indicate a potential decline towards $112.91.
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