USO United States Oil Fund LP Daily Chart Analysis: 2025-Aug-17 18:10 CT

Price Action

WSFG Weekly

MSFG Month Aug

YSFG Year 2025

Swing Pivots

Daily Benchmarks

Additional Metrics

Overall Rating

Key Insights Summary

USO is currently experiencing a short-term downtrend, as indicated by the most recent swing pivot (Pvt. Trend: DTrend) and all benchmark moving averages trending lower. The last price of 72.05 is sitting just above a key support level, with the next resistance levels at 73.35 and 74.48. The intermediate-term HiLo Trend remains in an uptrend, suggesting that the broader move from the June lows is still intact, but momentum has slowed and price is consolidating near the lower end of the recent range. The ATR remains elevated, reflecting ongoing volatility, while volume has normalized after the recent selloff. The market is in a neutral stance on both the weekly and monthly session fib grids, with no clear directional bias from those frameworks. Overall, the chart reflects a corrective phase within a larger uptrend, with the potential for further consolidation or a test of lower support if the current downtrend persists. No clear breakout or reversal signal is present at this time.


Chart Analysis ATS AI Generated: 2025-08-17 18:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2025. Algo Trading Systems LLC.