USO United States Oil Fund LP Daily Chart Analysis: 2025-Aug-24 18:12 CT

Price Action

• Last: 73.38,
• 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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 74.13,
• 4. Pvt. Next: Pvt low 71.96,
• 5. Levels R: 75.06, 74.64, 74.13, 68.45, 81.13, 83.46,
• 6. Levels S: 71.96, 65.96, 61.75, 61.07, 60.22.

Daily Benchmarks

• (Short-Term) 5 Day: 73.18 Up Trend,
• (Short-Term) 10 Day: 72.32 Up Trend,
• (Intermediate-Term) 20 Day: 73.22 Down Trend,
• (Intermediate-Term) 55 Day: 72.13 Down Trend,
• (Long-Term) 100 Day: 71.09 Up Trend,
• (Long-Term) 200 Day: 70.06 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2,577,640.

Overall Rating

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

Key Insights Summary

USO is currently trading in a consolidation phase with slow momentum and medium-sized bars, reflecting a lack of strong directional conviction. Both the weekly and monthly session fib grids indicate a neutral bias, with price action hovering near key pivot levels. The short-term and intermediate-term swing pivot trends are both up, but the most recent pivot evolution is a swing high at 74.13, with the next potential pivot low at 71.96, suggesting a possible test of support if weakness persists. Resistance is layered above at 75.06 and 74.64, while support is established at 71.96 and further below. Moving averages show mixed signals: short-term MAs are trending up, but intermediate-term MAs are down, while long-term MAs remain in an uptrend, indicating underlying bullish structure despite recent choppiness. ATR and volume metrics suggest moderate volatility and participation. Overall, the market is in a holding pattern, with no clear breakout or breakdown, and is likely awaiting a catalyst for the next directional move.