(USL) United States 12 Month Oil - Ratings and Ratios

The United States 12 Month Oil Fund LP (NYSE ARCA:USL) is an exchange-traded fund that provides investors with exposure to the oil market by investing in a diversified portfolio of futures contracts for various petroleum-based fuels, including light, sweet crude oil, diesel-heating oil, gasoline, and natural gas. The funds primary benchmark is the futures contracts on light, sweet crude oil traded on the New York Mercantile Exchange.

The investment strategy of USL is designed to track the changes in the price of oil and other petroleum-based fuels over a 12-month period, making it a suitable option for investors seeking to hedge against potential oil price increases or to speculate on oil price movements. By investing in a range of futures contracts, USL provides a diversified exposure to the energy market, reducing reliance on a single commodity or contract.

From a technical analysis perspective, USLs recent price action has been characterized by a relatively stable trend, with a last price of $34.30. The funds short-term moving averages (SMA20: $33.43) suggest a potential bullish signal, while the longer-term moving averages (SMA50: $34.72, SMA200: $36.81) indicate a possible reversal in the trend. The Average True Range (ATR) of 0.81, representing a 2.36% daily volatility, suggests that the funds price movements are relatively contained. Given the current technical setup, a potential forecast for USL could be a short-term bullish trend, targeting the $35.50-$36.50 range, contingent on a break above the SMA50.

Fundamentally, USLs Assets Under Management (AUM) stand at $40.88M USD, indicating a relatively modest size compared to other ETFs in the commodities space. However, this size allows for a more agile investment strategy, potentially enabling the fund to adapt to changing market conditions. Considering the current fundamental landscape, including the global demand and supply dynamics for oil, a forecast for USL could be influenced by factors such as OPEC production levels, global economic growth, and geopolitical tensions. Combining this with the technical analysis, a potential 6-month forecast for USL could be a price target of $38.50, representing a 12% increase from current levels, assuming a sustained bullish trend in oil prices and a stable global economic environment.

For further information on USL, investors can visit the funds official website at http://www.uscfinvestments.com, which provides detailed insights into the funds investment strategy, holdings, and performance.