United States Oil Fund stock holds bullish trend, eyes $140.81 breakout

United States Oil Fund stock closed at $129.17, holding above all key daily EMAs after an intraday test near $130.98. The daily trend remains bullish, momentum is constructive, and the fund now presses into a pivot zone that will decide the next directional move.

Key takeaways

• USO closed at $129.17, above the 20-day, 50-day, and 200-day EMAs.
• Daily RSI14 at 55.62 signals room for further upside without overbought risk.
• Daily MACD at 2.88 remains above its signal line with a positive histogram of 0.84.
• Price sits near the daily pivot at 129.37, making this a key decision zone.
• 15-minute momentum has stalled, suggesting near-term choppiness around current levels.

Daily Trend: Bullish Structure Holds Above All Key EMAs

United States Oil Fund stock remains in a well-defined daily uptrend. Price closed at $129.17, comfortably above the 20-day, 50-day, and 200-day EMAs. The 20-day EMA sits at $124.23, the 50-day at $123.01, and the 200-day at $106.87. The wide gap between price and the 200-day average confirms this is an extended, sustained advance—not a short-lived bounce.

… Continue reading the full article at the original source below.