USOil (USOil) last traded at 89.47, up 4.62% on the session.

Trend

The daily read is described as above the 200-day average but with a mixed short-term structure. Price sits 7.23% above the 200-day SMA (83.44), 7.07% above the 20-day SMA (83.56) and 10.19% above the 50-day SMA (81.19). All three averages are below current price, with the 50-day the lowest of the trio. Marking the session count, USOil has logged 3 consecutive higher closes.

Momentum and volatility

RSI(14) reads 65.3, placing it in neutral territory within the 30-70 band, near its upper edge. The ATR(14) stands at 2.977, or 3.33% of price. That volatility reading sits at the 52nd percentile of the past year, roughly the middle of USOil’s own twelve-month range β€” neither compressed nor stretched by recent standards.

Range

Price is 25.12% below the 52-week high of 119.49 and 62.71% above the 52-week low of 54.99, which puts it at 53% of the 52-week range. The high was set 150 sessions ago and the low 221 sessions ago, so both extremes are well behind the current market. Over the last 20 days, price has swung between a low of 77.02 and a high of 89.74; the current 89.47 sits just under that 20-day swing high. The wider 60-day range runs from 67.95 to 92.44, leaving room above before the two-month peak.

Weekly picture

The weekly frame shows an uptrend, with price above the 20-week average and the 20-week above the 50-week. Price is 3.51% above the 20-week SMA (86.44) and 16.28% above the 50-week SMA (76.94). The most recent week closed up 6.52%, and weekly RSI(14) is at 55.0 β€” a milder momentum reading than the daily 65.3. The weekly uptrend contrasts with the daily note of a mixed short-term structure, so the two timeframes are not fully aligned: the longer-term direction is constructive while the near-term daily read is more ambiguous.

Over the trailing periods, USOil is up 9.95% on the week and 13.31% on the month, but down 8.08% over the quarter, while the year-over-year figure stands at 36.9%.

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