United States Oil Fund Lp ETF Forecast

Buy or Hold candidate since Jul 14, 2026 Gain 7.22%

The United States Oil Fund, LP ETF price gained 2.66% on the last trading day (Tuesday, 21st Jul 2026), rising from $125.51 to $128.85. It has now gained 3 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 1.82% from a day low at $127.10 to a day high of $129.42. The price has risen in 7 of the last 10 days and is up by 18.3% over the past 2 weeks. Volume fell on the last day by -588 thousand shares and in total, 6 million shares were bought and sold for approximately $771.99 million. 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 ETFhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $127.73, a level that may pose a second chance to hit a runner. According to fan-theory $160.00 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

USO Signals & Forecast

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 $122.42 and $119.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, July 01, 2026, and so far it has risen 24.77%. 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.

Support, Risk & Stop-loss for United States Oil Fund, LP ETF

United States Oil Fund, LP finds support from accumulated volume at $128.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $2.32 between high and low, or 1.82%. For the last week, the ETF has had daily average volatility of 2.71%.

The United States Oil Fund, LP ETF is extremely overbought on RSI14 (78). 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.

Our recommended stop-loss: $125.06 (-2.94%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (USO) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect United States Oil Fund, LP to open at $128.46, and during the day (based on 14 day Average True Range), to move between $126.53 and $131.17, which gives a possible trading interval of +/-$4.65 (+/-3.67%) up or down from last closing price. If United States Oil Fund, LP takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $128.83 (0.02%) than the resistance at $134.72 (4.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is United States Oil Fund, LP ETF A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 3.533 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on July 22, 2026 - $128.46 ( 0.307%).

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