USL — United States 12 Month Oil

Is USL overbought or oversold? Here is the current MarketMoodz read.

ETF

Overbought As of August 19, 2026

United States 12 Month Oil (USL) currently reads Overbought on the MarketMoodz overbought/oversold meter, as of August 19, 2026. The ETF name last closed at $52.20. The rating moved from Oversold to Overbought on August 11, 2026.

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AI analysis

United States 12 Month Oil (USL) is positioned to benefit from recent Brent strength, Middle East supply-risk premium and headline-driven ETF inflows. As a multi-month futures exposure vehicle, it offers a differentiated roll profile versus near-month contracts and should capture short-term oil rallies supported by geopolitical uncertainty and tight supply discipline. Key drivers over the next month include inventory trends, OPEC+ messaging, and macro risk sentiment. Investors should be mindful of pronounced volatility, potential contango/roll costs, and any regulatory or demand shocks that could reverse gains quickly.

Key factors

  • Rising Brent crude above $90 and heightened Middle East tensions increasing upside pressure on oil prices
  • ETF flows into energy and refining exposures amid headline-driven rotation and risk-off spikes supporting demand for oil-linked products
  • United States 12 Month Oil (USL) provides multi-month futures exposure that can reduce single-month roll volatility versus short-dated futures instruments
  • Macro backdrop: cautious risk-on tone and calmer near-term rate expectations supporting commodity risk appetite
  • Potential inventory draws and OPEC+ discipline that tighten global supply fundamentals over the coming weeks
  • Market structural flows (crowded ETF positioning) that can amplify directional moves in both directions, favoring momentum in the near term

Risks

  • High price volatility from sudden risk-off episodes (global equities rout, KRX/semiconductor shocks) that can rapidly reverse oil gains
  • Adverse roll yield/contango dynamics for futures-based product that can erode NAV over time relative to spot
  • Policy/regulatory risk including possible windfall-profit taxes or changes to energy-export rules that could pressure energy-linked funds
  • Demand side deterioration from faster-than-expected global growth slowdown or stronger USD that weakens commodity prices
  • Counterparty, liquidity or tracking error risks inherent to futures-based ETFs
  • Geopolitical de-escalation or renewed talks that remove the premium currently priced into energy markets

See today's live rating, score and targets

Members see the live hourly rating for USL — the numeric AI score plus targets and entry zones — while this public page updates nightly.

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This page is for informational purposes only and is not investment, financial, tax, or legal advice. Ratings and research outputs can be wrong, incomplete, or stale. Past performance does not guarantee future results. Always do your own research and consider consulting a qualified professional.