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

Price Action

• Last: 74.21,
• 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 71.56,
• 4. Pvt. Next: Pvt High 81.82,
• 5. Levels R: 83.46, 84.58, 92.20,
• 6. Levels S: 71.56, 66.75, 60.67, 59.78, 57.83.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 75.77 Down Trend,
• (Intermediate-Term) 10 Week: 70.2 Up Trend,
• (Long-Term) 20 Week: 72.18 Up Trend,
• (Long-Term) 55 Week: 74.21 Down Trend,
• (Long-Term) 100 Week: 74.74 Down Trend,
• (Long-Term) 200 Week: 71.57 Up Trend.

Overall Rating

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

Key Insights Summary

USO is currently exhibiting a mixed technical structure on the weekly timeframe. Price action is consolidating near the 74.21 level, with medium-sized bars and slow momentum, indicating a lack of strong directional conviction. The short-term swing pivot trend has shifted to the downside, while the intermediate-term HiLo trend remains upward, reflecting a market caught between recent selling pressure and a broader upward bias. Key resistance levels are clustered above at 83.46, 84.58, and 92.20, while support is layered below at 71.56, 66.75, and further down to 57.83. The 5-week and 55/100-week moving averages are trending down, suggesting recent weakness, but the 10, 20, and 200-week averages are still in uptrends, highlighting a longer-term base-building phase. The neutral stance across the session fib grids (weekly, monthly, yearly) reinforces the view of a market in consolidation, with no clear breakout or breakdown. Overall, the technical landscape suggests a choppy, range-bound environment, with the potential for volatility around key support and resistance levels as the market awaits a catalyst for a sustained directional move.