USO United States Oil Fund LP Weekly Chart Analysis: 2025-Aug-08 07:16 CT

Price Action

Last: 73.42,
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 high 83.46,
4. Pvt. Next: Pvt low 66.75,
5. Levels R: 92.20, 84.58, 83.46,
6. Levels S: 66.75, 59.78, 57.83.

Weekly Benchmarks

(Intermediate-Term) 5 Week: 74.16 Down Trend,
(Intermediate-Term) 10 Week: 74.28 Down Trend,
(Long-Term) 20 Week: 72.20 Up Trend,
(Long-Term) 55 Week: 71.48 Up Trend,
(Long-Term) 100 Week: 75.00 Down Trend,
(Long-Term) 200 Week: 69.40 Up Trend.

Overall Rating

Short-Term: Neutral,
Intermediate-Term: Neutral,
Long-Term: Neutral.

Key Insights Summary

USO is currently in a broad consolidation phase, with price action oscillating within a defined range and momentum remaining slow. The short-term swing pivot trend is down, but the intermediate-term HiLo trend is up, reflecting a market caught between opposing forces. Key resistance levels are clustered in the low-to-mid 80s, while support is established in the mid-to-high 60s. All major session fib grid trends (weekly, monthly, yearly) are neutral, and the price is hovering near several long-term moving averages, which are mixed in direction. This technical landscape suggests a lack of clear directional conviction, with the market digesting prior moves and awaiting a catalyst. The environment is characterized by choppy, range-bound trading, with no strong breakout or breakdown signals evident. Futures swing traders may interpret this as a period to monitor for emerging trend signals, as the market is currently in balance and neither bulls nor bears have a decisive edge.