Credit Suisse X-Links Crude Oil Shares Covered Call ETNs Price & Performance (USOI)

The Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) slid 0.76% on April 22, closing at $55.90. Technical indicators signal ongoing weakness, with the ETF expected to remain in a downward trend over the next few weeks. Investors should note increased volatility and potential for further declines.12

USOI currently trades at $60.02, with analysts projecting a 5.53% potential gain over the next year. However, short-term forecasts indicate further declines through summer before a possible rebound in September. This mixed outlook highlights the uncertain environment for crude oil-linked income products.31

Recent technical analysis for USOI shows a neutral relative strength index but multiple moving averages flashing sell signals. While the 14-day RSI stands at 45.79, other indicators suggest caution, reinforcing the view that the ETN may continue to face headwinds in the near term.24