USO United States Oil Fund LP Weekly Chart Analysis: 2025-Aug-21 07:23 CT

Price Action

• Last: 73.52,
• 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-1,
• (Intermediate-Term) 2. HiLo Trend: UTrend 4,
• 3. Pvt. Evolve: Pvt Low 61.56,
• 4. Pvt. Next: Pvt High 81.98,
• 5. Levels R: 92.20, 84.58, 83.46, 81.98,
• 6. Levels S: 72.72, 66.07, 59.78, 57.83.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 74.87 DTrend,
• (Intermediate-Term) 10 Week: 73.04 DTrend,
• (Long-Term) 20 Week: 73.52 UTrend,
• (Long-Term) 55 Week: 71.65 UTrend,
• (Long-Term) 100 Week: 70.06 UTrend,
• (Long-Term) 200 Week: 71.65 UTrend.

Overall Rating

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

Key Insights Summary

The USO weekly chart reflects a market in transition, with price currently at 73.52 and trading within a broad neutral zone defined by the yearly and monthly session fib grids. Short-term momentum is slow, and recent bars are of medium size, indicating a lack of strong directional conviction. The short-term swing pivot trend is down, supported by declining 5- and 10-week moving averages, while the intermediate and long-term trends remain up, as shown by the 20-, 55-, 100-, and 200-week moving averages all trending higher. Key resistance levels are clustered in the low-to-mid 80s and above 90, while support is layered from the low 70s down to the high 50s. The market has been oscillating within a wide range, with recent price action showing repeated tests and rejections at both resistance and support, suggesting ongoing consolidation. The overall structure points to a choppy, range-bound environment in the short term, but with underlying bullish bias in the intermediate and long-term outlooks, as higher lows and persistent support levels continue to hold. This setup is typical of a market awaiting a catalyst for a decisive breakout or breakdown.