USO Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: USO's backwardation implies bullish sentiment and potential supply constraints. Increased call option volume indicates optimism for price recovery.




Bearish Case: Ongoing geopolitical concerns and regulatory shifts threaten oil demand. The current flat price action and elevated IV suggest potential downside risks.




Potential Outcomes:
  1. Continued sideways movement amid uncertainty (50%).
  2. Sharp upside due to supply disruptions (30%).
  3. Further decline if demand weakens (20%).



March 18, 2025


United States Commodity Funds Forecast

USO        United States Commodity Funds











Correlated Assets

Assets that tend to move strongly with USO



OVV Forecast + Options Trading Strategies   OVV  Ovintiv (0.69)


PTEN Forecast + Options Trading Strategies   PTEN  Patterson-UTI Energy (0.65)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (0.62)


TRIP Forecast + Options Trading Strategies   TRIP  TripAdvisor (0.61)


AAP Forecast + Options Trading Strategies   AAP  Advance Auto Parts (0.6)



Uncorrelated Assets

Assets with little price relationship to USO



ABEV Forecast + Options Trading Strategies   ABEV  Ambev (-0.01)


MYGN Forecast + Options Trading Strategies   MYGN  Myriad Genetics (0.01)


CG Forecast + Options Trading Strategies   CG  Carlyle (0.01)


CZR Forecast + Options Trading Strategies   CZR  Caesars Entertainment (-0.01)


GTLB Forecast + Options Trading Strategies   GTLB  Gitlab (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against USO



PNW Forecast + Options Trading Strategies   PNW  Pinnacle West (-0.65)


PG Forecast + Options Trading Strategies   PG  Procter & Gamble (-0.68)


HEI Forecast + Options Trading Strategies   HEI  Heico (-0.69)


XLP Forecast + Options Trading Strategies   XLP  Consumer Staples Select Sector SPDR (-0.72)


SCO Forecast + Options Trading Strategies   SCO  ProShares UltraShort Bloomberg Crude Oil (-0.98)









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