USO United States Oil Fund LP Daily Chart Analysis: 2025-Aug-08 07:16 CT
Price Action
- Last: 76.40,
- Bars: Medium,
- Mom: Momentum slow.
WSFG Weekly
- Short-Term
- WSFG Current: NA%
- F0%/NTZ' Bias: Price Neutral,
- WSFG Trend: Neutral.
MSFG Month Aug
- Intermediate-Term
- MSFG Current: NA%
- F0%/NTZ' Bias: Price Neutral,
- MSFG Trend: Neutral.
YSFG Year 2025
- Long-Term
- YSFG Current: NA%
- F0%/NTZ' Bias: Price Neutral,
- YSFG Trend: Neutral.
Swing Pivots
- (Short-Term) 1. Pvt. Trend: DTrend,
- (Intermediate-Term) 2. HiLo Trend: UTrend,
- 3. Pvt. Evolve: Pvt Low 73.42,
- 4. Pvt. Next: Pvt High 79.30,
- 5. Levels R: 81.13, 83.46, 84.48,
- 6. Levels S: 73.92, 73.42, 71.97, 65.96, 61.75, 60.07.
Daily Benchmarks
- (Short-Term) 5 Day: 75.38 Down Trend,
- (Short-Term) 10 Day: 77.00 Down Trend,
- (Intermediate-Term) 20 Day: 78.64 Down Trend,
- (Intermediate-Term) 55 Day: 74.71 Up Trend,
- (Long-Term) 100 Day: 73.33 Up Trend,
- (Long-Term) 200 Day: 72.03 Up Trend.
Additional Metrics
- ATR: 138,
- VOLMA: 2,577,640.
Overall Rating
- Short-Term: Bearish,
- Intermediate-Term: Neutral,
- Long-Term: Bullish.
Key Insights Summary
USO is currently experiencing a short-term downtrend, as indicated by the most recent swing pivot trend (DTrend) and declining short-term moving averages. Price has pulled back from recent highs and is now consolidating above a cluster of support levels in the low-to-mid 70s, with momentum slowing and medium-sized bars suggesting a pause after recent volatility. Intermediate-term structure remains neutral, with the HiLo trend still up, but the market is at a decision point between further retracement or a potential bounce. Long-term moving averages continue to trend higher, reflecting underlying bullish structure despite the current pullback. The ATR remains elevated, indicating persistent volatility, while volume is moderate. Key resistance is overhead at 79.30 and 81.13, with strong support at 73.42 and 71.97. The market is in a consolidation phase, with the potential for either a continuation of the pullback or a resumption of the broader uptrend depending on how price reacts to these support levels.
Chart Analysis ATS AI Generated: 2025-08-08 07:16 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2025. Algo Trading Systems LLC.