Bullish Case: USO's steady climb over various periods and the Helium AI's slightly bullish implied volatility forecast suggest latent upside potential.


Bearish Case: Recent flat price action and slightly bearish Helium AI forecast signal potential downside or continued range-bound movement.


Potential Outcomes:

1) USO stays range-bound (45%), due to current market stability.

2) USO breaks upward on optimism (30%), as implied by forecast.

3) USO dips downward (25%), aligning with slight bearish bias and historical return patterns.


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March 27, 2024


United States Commodity Funds Forecast

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






Correlated Stock Forecasts

Assets that tend to move strongly with USO



USL Forecast + Options Trading Strategies   [USL]  United States Commodity Funds LLC - United States 12 Month Oil (0.99)


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 (0.98)


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



Uncorrelated Stock Forecasts

Assets with little price relationship to USO



MHK Forecast + Options Trading Strategies   [MHK]  Mohawk Industries (0.0)


BDRY Forecast + Options Trading Strategies   [BDRY]  Breakwave Dry Bulk Shipping (0.0)


EMN Forecast + Options Trading Strategies   [EMN]  Eastman Chemical (0.0)


UWMC Forecast + Options Trading Strategies   [UWMC]  UWM Holdings Corporation (0.0)


PLCE Forecast + Options Trading Strategies   [PLCE]  Childrens Place (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against USO



CCI Forecast + Options Trading Strategies   [CCI]  Crown Castle International (-0.8)


XEL Forecast + Options Trading Strategies   [XEL]  Xcel Energy (-0.8)


LW Forecast + Options Trading Strategies   [LW]  Lamb Weston (-0.81)


PRFT Forecast + Options Trading Strategies   [PRFT]  Perficient (-0.82)


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


USO News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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