USO United States Oil Fund LP Weekly Chart Analysis: 2025-Aug-18 07:17 CT

Price Action

WSFG Weekly

MSFG Month Aug

YSFG Year 2025

Swing Pivots

Weekly Benchmarks

Overall Rating

Key Insights Summary

USO is currently exhibiting a mixed technical landscape on the weekly chart. Price action shows medium-sized bars with average momentum, indicating neither strong trending nor extreme volatility. The short-term swing pivot trend is down, supported by both the 5- and 10-week moving averages trending lower, and the most recent pivot evolving from a low at 71.56. However, the intermediate-term HiLo trend remains up, suggesting underlying support and a potential for mean reversion or a bounce if buyers step in. The long-term moving averages are mixed, with the 20- and 55-week MAs trending up, but the 100- and 200-week MAs still in a downtrend, reflecting a broader consolidation phase. The price is currently within the NTZ (neutral zone) of the yearly session fib grid, with no clear directional bias from the grid levels. Resistance is layered above at 81.82, 83.46, 84.58, and 92.20, while support is found at 66.75, 60.67, 59.78, and 57.83. This structure suggests a market in balance, with neither bulls nor bears in decisive control. The overall rating is bearish short-term due to the prevailing downtrend in pivots and short-term MAs, but neutral for both intermediate and long-term horizons as the market consolidates and awaits a catalyst for breakout or breakdown. Swing traders should note the choppy, range-bound nature of the current environment, with price cycling between support and resistance, and be alert for potential volatility spikes or trend shifts as the market tests key levels.


Chart Analysis ATS AI Generated: 2025-08-18 07:18 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2025. Algo Trading Systems LLC.