Bullish Case: Expectations for normalized oil prices and economic recovery drive a positive outlook. Increasing geopolitical stability and advanced market negotiations hint at bullish momentum for USO, presenting an opportunistic rise over the coming weeks.


Bearish Case: Global energy trends toward renewables, coupled with potential regulatory changes, could suppress oil demand. Recent flattening in price suggests a cap on gains with high resistance near current levels, underpinning USO's vulnerability to downside pressures.


Potential Outcomes:

1) Strong rebound on market optimism (30% probability).

2) Continuation of stagnation amid shifting energy paradigms (45% probability).

3) Decline due to lackluster demand and growing renewable adoption (25% probability).


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April 25, 2024


United States Commodity Funds Forecast

USO        United States Commodity Funds
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with USO



UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (0.99)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (0.99)


GSG Forecast + Options Trading Strategies   GSG  BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed (0.99)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.92)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.92)



Uncorrelated Stock Forecasts

Assets with little price relationship to USO



RHI Forecast + Options Trading Strategies   RHI  Robert Half International (0.0)


SOFI Forecast + Options Trading Strategies   SOFI  SoFi (-0.0)


CRUS Forecast + Options Trading Strategies   CRUS  Cirrus Logic (-0.0)


GATX Forecast + Options Trading Strategies   GATX  GATX (-0.0)


TFC Forecast + Options Trading Strategies   TFC  Truist Financial (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against USO



XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (-0.81)


CCI Forecast + Options Trading Strategies   CCI  Crown Castle International (-0.81)


PRFT Forecast + Options Trading Strategies   PRFT  Perficient (-0.83)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.92)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.93)





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