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

Price Action

Last: 74.64,
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 81.42,
5. Levels R: 92.20, 84.58, 83.46, 81.42,
6. Levels S: 66.75, 60.67, 59.78, 57.83.

Weekly Benchmarks

(Intermediate-Term) 5 Week: 74.87 Down Trend,
(Intermediate-Term) 10 Week: 74.61 Down Trend,
(Long-Term) 20 Week: 74.64 Down Trend,
(Long-Term) 55 Week: 71.65 Up Trend,
(Long-Term) 100 Week: 70.05 Up Trend,
(Long-Term) 200 Week: 71.65 Up Trend.

Overall Rating

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

Key Insights Summary

The USO weekly chart reflects a market in consolidation, with price action contained within a broad neutral zone as indicated by the NTZ and F0% levels across all session fib grids. The most recent price is near the 20-week and 55-week moving averages, both of which are converging, suggesting a lack of clear directional momentum. Short-term swing pivots show a developing downtrend, but intermediate-term HiLo pivots remain in an uptrend, highlighting mixed signals and a choppy environment. Resistance is layered above at 81.42, 83.46, 84.58, and 92.20, while support is well-defined below at 66.75, 60.67, 59.78, and 57.83. The slow momentum and medium-sized bars reinforce the view of a market lacking strong conviction, with price cycling between support and resistance rather than trending. The overall technical structure suggests a period of indecision, with neither bulls nor bears in control, and the market awaiting a catalyst for a decisive breakout or breakdown.