Dave BarnhartFounder, Moby Tick Trading · Founder at Moby Tick Trading

$US Oil stock on the move! $USO Whales Loaded $446M #shorts

8 Sept 2026 · 2 min

Watch on YouTube

1:50

In this short, trading commentator Dave Barnhart analyzes recent USO price action, noting a consolidation around August 11 followed by low‑volume upward movement and a breakout. He identifies a large $250K print and a $120K print on Friday, interpreting these as accumulation signals. Barnhart then maps an intraday bullish trade setup: bullish above $147.20 with target zones at $148, $149, $150, $151.04 (R3), $152.50, $155, and $156.06 (R4). He outlines downside risk levels at $146 (R2) and further support at $145, $144.72, $143.99, $143.34, $142.88, $142.44, and $142, noting a new Friday print. He references technical tools—CAMs, pivots, ATR (~$4), 200‑day exponential and simple moving averages, and a “pillow‑top mattress” price structure—to justify the setup and cautions traders about volatility and profit‑taking dynamics. The video ends with a call for comments and a promise of more trade setups tomorrow.

Chapters

Okay, so USO largest prints. You see this consolidation here around August 11th, and they moved the price. The price moved up. We got this $250K right back into the prints, and then really low volume moving up here. And then now we're breaking out. So all of this is support. It looks like the accumulation pattern. The 4th, so Friday, $120K sitting there. And then so now we're off to the races with that. So let's Map this out on the intraday for a trade setup. We're going to be bullish above 147.20. We've got this cam right here, so we'll do a fifth of a dollar. We're sandwiched in between these pivots and cams. Target 148, 149, 150, 151.04 is R3. 152.50, 155, 156.06 is R4 up here. The ATR in this one's about four bucks, 374. It's up over that right now, so just be careful. It's not—it doesn't normally move a lot in a given day, so just. Be wary of that. 146 on the downside, this R2, we need to break below that. Target 145, 144.72, 143.99, 143.34. You can see 142.88, 142.44, and 142. This is that new print from Friday, and so I stopped here. The other thing too is this is getting tighter here for the profit taking, more chance of a bounce to the upside. That's the post-market right here, the new print. 200 exponential, 200 simple. And oh, and just below here, 141. Here we've got the pivot cam. This is all really you want a pillow top mattress, right? That's what's happening here, I would think. So that's where we've mapped it out. All right. Happy trading, everyone. Please leave some comments in the comments section below. Let us know how you're doing. We'll see you tomorrow with all new trade setups. Happy trading.