USOil (USOil) last traded at 81.48, up 4.47% on the session and posting its second consecutive higher close.

Trend

The structure reads as above the 200-day average but with a mixed short-term structure. Price sits 0.64% above the 200-day SMA (80.966) and a substantial 5.04% above the 50-day SMA (77.5724), while trading 0.31% below the 20-day SMA (81.7313). The gap between the rising 50-day and the flatter 200-day, combined with price hugging the 20-day, is what gives the picture its mixed short-term character.

Momentum and volatility

RSI(14) reads 53.1, a neutral value sitting in the middle of the 30-70 band. The 14-day ATR is 3.892, or 4.78% of price β€” a meaningful daily swing for the contract. Against USOil’s own past year, that ATR sits at the 66th percentile, so recent daily ranges are wider than average but well short of the year’s most volatile stretch.

Range and structure

Price is positioned at the 41st percentile of its 52-week range, roughly the lower-middle of the band. The 52-week high of 119.49 stands 31.81% above the current print and was last touched 131 sessions ago, while the 52-week low of 54.99 lies 48.18% below and was set 202 sessions back β€” both extremes are distant in time. Nearer in, the 20-day swing spans 73.53 to 92.44, and the 60-day swing runs from 67.95 to 99.07, placing the last price in the lower portion of both windows.

Weekly picture

The weekly chart also reads as above the 50-week average but with a mixed short-term structure, so the two timeframes broadly agree on the longer-term footing. Price sits 7.92% above the 50-week SMA (75.4994) but 8.45% below the 20-week SMA (89.0021), a wider shortfall than the daily 20-day gap. Weekly RSI(14) is 49.4, slightly below the neutral midpoint and marginally softer than the daily reading of 53.1. Last week closed up 4.47%.

Performance spans a mixed record: up 9.47% over the past week and 9.8% over the month, but down 20.58% across the quarter, while the trailing year shows a 28.3% gain.

Descriptive technical summary generated by the ForexBullion Research Team from our own price feed. Not investment advice.