AI USO Forecast + Trading Strategies


Price Forecast:


Bearish<->Bullish


Bullish Case: USO shows significant bullish potential as implied volatility suggests a potential short-term rebound. Market sentiment appears to be shifting, backed by a recent trend of increasing call option volumes which indicates investor optimism.


Bearish Case: USO may face downward pressure from ongoing geopolitical uncertainties and potential regulatory changes that could impact oil demand. The market's implied volatility indicates a bearish sentiment, suggesting possible continued declines.


Potential Outcomes:

1) Short-term rally leads to a price increase (40% chance).

2) Continued bearish momentum results in price decline (40% chance).

3) Price stabilization around current levels amidst uncertainty (20% chance).


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September 19, 2024


United States Commodity Funds Forecast

USO      United States Commodity Funds











Correlated Assets

Assets that tend to move strongly with USO



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


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (0.95)


GSG Forecast + Options Trading Strategies   GSG  BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed (0.93)


VDE Forecast + Options Trading Strategies   VDE  Vanguard Group, Inc. - Vanguard Energy (0.83)


FCG Forecast + Options Trading Strategies   FCG  First Trust Exchange-Traded Fund III - First Trust Natural Gas (0.81)



Uncorrelated Assets

Assets with little price relationship to USO



EZA Forecast + Options Trading Strategies   EZA  iShares MSCI South Africa (0.0)


V Forecast + Options Trading Strategies   V  Visa (0.0)


ADM Forecast + Options Trading Strategies   ADM  Archer Daniels Midland (0.0)


UMC Forecast + Options Trading Strategies   UMC  United Micro Electronics (-0.0)


GOGO Forecast + Options Trading Strategies   GOGO  Gogo (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against USO



CCI Forecast + Options Trading Strategies   CCI  Crown Castle International (-0.69)


XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (-0.69)


ZTS Forecast + Options Trading Strategies   ZTS  Zoetis (-0.69)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.79)


SCO Forecast + Options Trading Strategies   SCO  ProShares UltraShort Bloomberg Crude Oil (-0.96)





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