USO long tgt $81I do dowsing & had a date to watch for on Monday 5/5 in USO from a reading I did on 3/25 & it even suggested a swing low! Yay! I don't always get the correct info going into these dates, so I'm hoping this will get more consistent.
Anyway, there may be a spike down in USO in the near future. If so,
Key stats
About UNITED STATES OIL FUND LP
Home page
Inception date
Apr 10, 2006
Structure
Commodities Pool
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
United States Commodity Funds LLC
Distributor
ALPS Distributors, Inc.
USO delivers its exposure to oil using near-term futures. USO gets exposure to oil using derivatives, like several oil ETPs. The fund predominately holds near-month-futures contracts on WTI, rolling into future contracts every month. This method is particularly sensitive to short-term changes in spot prices. USO held front month contracts until April 17, 2020, at which time following leeway in the prospectus, USO changed the exposure from holding specifically front-month contracts to holding predominantly front-month contracts, 30% next month and 15% contracts with further expiry. USO is structured as a commodities pool, so expect a K-1 at tax time. Long-term holders will be taxed on any gains even if they didn't sell shares.
Classification
What's in the fund
Exposure type
Cash
Futures
Bonds, Cash & Other100.00%
Cash57.77%
Futures41.60%
Miscellaneous0.63%
Top 10 holdings
$USO to $29-42 before a bottom is inAMEX:USO broke down from a long term that started in March 2020 and is now breaking down below support at $67.
The most likely outcome is a continuation down to the lower support levels at $29-33.
I won't rule out the possibility of one more retest of the trend line ($73-75) before continuing dow
Opening (IRA): USO May 16th -75C/October 17th 45C LCD*... for a 26.25 debit.
Comments: Buying the back month 90 delta and selling the front month strike that pays for all of the extrinsic in the long. (The long call is shown at a higher strike so that it fits on the chart).
Metrics:
Buying Power Effect: 26.25
Break Even: 71.25
Max Profit: 3.75
ROC
Downside tgt hit on USO. Bounce to $70?I've seen so many targets hit and reverse - especially GLD & GDXJ- I figured I may as well see if USO has a similar reversal since the downside target from my last USO idea is tagged & holding.
At the moment I get that it can get back up to the $70-71 area & it's a bull trap.
I also get the date o
USO swing high- short tgt 65-66I asked my dowsing for the next trade to help reach my goal for the year, and it's oil/ USO. I do believe this will include oil stocks, so I may ask for dowsing to choose one from a list. If I do & get the reading done on it, I'll post it as another idea.
My latest work is pretty decent, but a work
Opening (IRA): USO April 17th 68 Covered Call... for a 66.58 debit.
Comments: With /CL dropping sub-70/bbl., putting on a starter position in USO, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 66.58/sha
USO Bearish Outlook: Sell Opportunity as Momentum Shifts Current Resistance Zone: The price is currently testing a strong resistance zone around the $83 level. in the past, this level has been a turning point for price movements.
Potential Reversal: The chart suggests a possible rejection from the resistance zone, with a projected short-term correctio
Opening (IRA): USO February 21st 79/April 17th 107 PMCP** -- Poor Man's Covered Put
Comments: Shorting USO on strength using a long put diagonal/Poor Man's Covered Put, buying the back month 90 delta put and selling the front month 30 that pays for all of the extrinsic in the long.
Metrics:
Buying Power Effect: 22.96 debit
Break Even: 84.04
Max Profi
USO Climbs to Resistance! Can Bulls Maintain Momentum?Technical Analysis Overview:
1-Hour Chart:
* Trend: USO is in a strong uptrend, reaching $84.36 near the upper trendline.
* Indicators:
* MACD: Positive momentum, with the MACD line above the signal line.
* Stochastic RSI: Overbought at 92.16, suggesting a potential pullback or consolidation
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
USO trades at 67.05 USD today, its price has risen 0.07% in the past 24 hours. Track more dynamics on USO price chart.
USO net asset value is 68.21 today — it's fallen 2.43% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
USO assets under management is 874.61 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
USO price has risen by 0.07% over the last month, and its yearly performance shows a −9.10% decrease. See more dynamics on USO price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.43% over the last month, showed a −8.84% decrease in three-month performance and has decreased by −10.79% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.43% over the last month, showed a −8.84% decrease in three-month performance and has decreased by −10.79% in a year.
USO fund flows account for −839.09 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
USO invests in cash. See more details in our Analysis section.
USO expense ratio is 0.60%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, USO isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, USO technical analysis shows the strong sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating USO shows the sell signal. See more of USO technicals for a more comprehensive analysis.
Today, USO technical analysis shows the strong sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating USO shows the sell signal. See more of USO technicals for a more comprehensive analysis.
No, USO doesn't pay dividends to its holders.
USO trades at a premium (0.16%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
USO shares are issued by The Marygold Cos, Inc.
USO follows the Front Month Light Sweet Crude Oil. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 10, 2006.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.