United States Oil (USO) Chart Patterns, Support & Resistance & Technical Analysis
Auto-detected technical analysis for USO · data as of Jun 30, 2026. The chart above is live; the read below updates daily.
$106.44last close · Jun 30, 2026
USO bearish pennant pattern
USO is currently forming a Bearish Pennant on the daily timeframe. Detected Jun 30, 2026.
A Bearish Pennant is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $62.83 (−9.6%). Across 11,004 backtested bearish pennants, the setup followed through 44.1% of the time, averaging +0.15R.
USO's most recent completed Symmetrical Triangle resolved as a loss: it broke down on Dec 11, 2025 near $69.25, then was stopped out at $73.48 on Jan 13, 2026 — a -1.37R move (6.1%) over 21 sessions. Across 72 backtested symmetrical triangles, this setup wins 44.4% of the time.
OutcomeLossResult-1.37REntry$69.25Exit$73.48
How bearish pennants have performed
Win rate
44.1%
Avg return
+0.15R
Backtested trades
11,004
Historical pattern statistics (1986-12-12 – 2026-06-12), not a prediction.
USO support and resistance levels
Price found a floor near $64.88 about 6 months ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $175.12 — still about 65% away.
Traders commonly watch $175.12 as a target (its 200% extension) — think of it as a sensible next stop, not a guarantee.
That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
There's nothing to act on here — the spot to watch was the $64.88 floor about 6 months ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.
Nearest auto-detected resistance near $178.83. These are chart/swing-derived levels, not formula pivots.
Resistance
$178.83
USO recent daily prices
Date
Open
High
Low
Close
Jun 30, 2026
$108.15
$108.15
$105.12
$106.44
Jun 29, 2026
$106.65
$107.99
$106.19
$107.08
Jun 26, 2026
$105.83
$106.17
$104.07
$105.48
Jun 25, 2026
$106.03
$110.05
$105.87
$109.31
Jun 24, 2026
$106.29
$107.66
$105.65
$106.29
Jun 23, 2026
$110.92
$111.53
$110.06
$111.26
Jun 22, 2026
$112.63
$112.81
$111.13
$112.69
Jun 18, 2026
$112.47
$115.33
$110.48
$114.87
Jun 17, 2026
$115.44
$120.00
$114.13
$114.23
Jun 16, 2026
$116.34
$116.99
$113.31
$115.47
USO frequently asked questions
What chart pattern is USO forming right now?
As of Jun 30, 2026, TradingPal's detector identifies a Bearish Pennant on United States Oil (USO) on the daily chart, with a measured-move target of $62.83.
Is a Bearish Pennant bullish or bearish?
The Bearish Pennant detected on USO is a bearish pattern, projecting a measured-move target of $62.83. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a Bearish Pennant pattern, and what is its win rate?
Across TradingPal's backtest of the Bearish Pennant family (11,004 trades over 516 symbols), it resolved in the expected direction 44.1% of the time with an average of +0.15R. These are historical statistics, not a prediction.
What are the support and resistance levels for USO?
Based on auto-detected, swing-derived levels (as of Jun 30, 2026), USO's nearest support is around n/a and nearest resistance around $178.83.
What is the price target if USO's pattern breaks out?
The detected Bearish Pennant has a geometry-based measured-move target of $62.83 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was USO's closing price on Jun 30, 2026?
United States Oil (USO) last closed at $106.44 on Jun 30, 2026. For the live quote, see the chart above or a real-time quote provider.
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.
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