United States Oil Fund, LP ETF upgraded to Strong Buy Candidate

The United States Oil Fund, LP ETF price gained 1.27% on the last trading day (Friday, 13th Mar 2026), rising from $118.39 to $119.89. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 5.75% from a day low at $114.56 to a day high of $121.15. The price has risen in 9 of the last 10 days and is up by 46.3% over the past 2 weeks. Volume fell on the last day by -35 million shares and in total, 57 million shares were bought and sold for approximately $6.89 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF has broken the 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 $96.32, a level that may pose a second chance to hit a runner.

Mostly positive signals in the chart today. 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 $108.81 and $85.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 02, 2026, and so far it has risen 59.15%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.

United States Oil Fund, LP finds support from accumulated volume at $118.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved $6.59 between high and low, or 5.75%. For the last week, the ETF has had daily average volatility of 11.49%.

The United States Oil Fund, LP ETF is extremely overbought on RSI14 (89). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.

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 Hold to a Strong Buy candidate.