USO United States Oil Fund LP Daily Chart Analysis: 2025-Oct-30 07:17 CT

Price Action

WSFG Weekly

MSFG Month Oct

YSFG Year 2025

Swing Pivots

Daily Benchmarks

Additional Metrics

Overall Rating

Key Insights Summary

USO is currently experiencing high volatility, as indicated by large bars and fast momentum. The short-term swing pivot trend is down (DTrend), with the most recent pivot low at 66.98 and the next potential pivot high at 74.25, suggesting the market is in a corrective bounce after a sharp selloff. Intermediate-term swing structure remains in an uptrend, but the majority of daily benchmarks (5, 10, 55, 100, and 200-day MAs) are trending down, reinforcing a bearish bias for both short and long-term perspectives. Price is currently testing resistance near the 74.25 level, with significant overhead resistance up to 83.46 and support at 66.98 and 65.96. The market appears to be in a consolidation phase after a V-shaped recovery from recent lows, but the overall structure remains vulnerable to further downside unless a sustained move above key resistance levels occurs. Volume and ATR confirm heightened activity and volatility, typical of reversal or transition zones. Swing traders should note the mixed signals: while the intermediate-term trend is still up, the prevailing momentum and moving averages favor a cautious, bearish stance in the short and long term.


Chart Analysis ATS AI Generated: 2025-10-30 07:17 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2025. Algo Trading Systems LLC.