Crude Oil Surge Above $101 Solidifies USO Trend

• • The daily chart maintains a sturdy uptrend structure above its moving average line.
• • Price strengthening in global physical oil commodities provides consistent fundamental backing.

The United States Oil Fund (USO) tokenized instrument continues to display bullish performance as global crude oil prices surge past the $101 per barrel level. Concerns over global supply tightening and macro energy market dynamics remain the main drivers for capital inflows into this commodity asset. Technically, price action consolidates positively in the upper area and trades at the $139.86 (Rp2454683) level. Dominant buying pressure is projected to bring the price to test the nearest resistance ceiling at $145.81 (Rp2559111) within the next 4 days. Should the oil commodity rally continue, the upward path lays wide open to pursue the macro supply base at $153.17 (Rp2688287).

Strategic petroleum reserve interventions by major consuming nations could unexpectedly dampen price increases. This bullish posture is declared collapsed should the price plunge past the risk line at $130 (Rp2281630).