United States Oil Fund, LP technical analysis
Technical analysis of United States Oil Fund, LP (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is United States Oil Fund, LP
United States Oil Fund, LP (USO) is a commodity-focused financial instrument that seeks to achieve its investment objectives primarily by investing in futures contracts for light sweet crude oil, other types of crude oil, heating oil, gasoline, natural gas, and other petroleum-based fuels.
Description generated automatically from public sources; it may be inaccurate or out of date.
United States Oil Fund, LP: latest session data
Closing values for October 21, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
151.04 $
+4.82%
50 sessions
144.85 $
+9.30%
200 sessions
120.61 $
+31.27%
Session levels
s2
152.70
Support
s1
156.66
Support
pivot
159.71
Pivot
r1
163.67
Resistance
r2
166.72
Resistance
How to read it
In the October 21, 2026 session United States Oil Fund, LP closed lower at 158.32 $, −1.43% versus the previous session.
The price sits above every moving average observed: +4.82% against the 21-session average, +9.30% against the 50 and +31.27% against the 200.
The 14-period RSI reads 60.9, in neutral territory.
MACD stands at 4.023 against a signal line at 3.178: the histogram is positive (+0.845).
ADX reads 26.1, indicating a marked directionality.
Levels computed on the latest session place supports at 156.66 and 152.70 $ and resistances at 163.67 and 166.72 $, around a pivot of 159.71.
The average daily range (ATR) is 4.835 $, or 3.05% of price.
Turnover was 1.8M shares, 35% of the 20-session average.
Over the last twelve months the price ranged between 102.42 and 163.35 $, and today stands −3.08% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about United States Oil Fund, LP
How is United States Oil Fund, LP analysed technically?
Technical analysis of United States Oil Fund, LP is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for United States Oil Fund, LP?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to United States Oil Fund, LP?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to United States Oil Fund, LP it helps frame the technical structure of the historical chart and is not a forecast.
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