United States Oil Fund, LP ETF price up more than 11.15% on Thursday

The United States Oil Fund, LP ETF price gained 11.15% on the last trading day (Thursday, 2nd Apr 2026), rising from $124.09 to $137.92. During the last trading day the ETF fluctuated 6.14% from a day low at $131.89 to a day high of $139.99. The price has risen in 6 of the last 10 days and is up by 17.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 million more shares were traded than the day before. In total, 64 million shares were bought and sold for approximately $8.79 billion.

The ETF has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $133.04, a level that may pose a second chance to hit a runner. According to fan-theory $147.25 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

The United States Oil Fund, LP ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $124.85 and $102.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 23, 2026, and so far it has risen 24.75%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

On the downside, the ETF finds support just below today's level from accumulated volume at $117.36 and $105.86.There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, United States Oil Fund, LP finds support just below today's level at $117.36. If this is broken, then the next support from accumulated volume will be at $105.86 and $104.33.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $8.10 between high and low, or 6.14%. For the last week, the ETF has had daily average volatility of 4.24%.

Several short-term signals are positive and the ETF has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for United States Oil Fund, LP ETF to perform well in the short-term period.We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.