USO United States Oil Fund LP Daily Chart Analysis: 2025-Oct-31 07:18 CT

Price Action

• Last: 71.71,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Oct

• 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 71.14,
• 4. Pvt. Next: Pvt High 73.72,
• 5. Levels R: 84.58, 83.46, 81.13, 78.32, 74.25,
• 6. Levels S: 71.14, 68.98, 66.98, 61.75.

Daily Benchmarks

• (Short-Term) 5 Day: 72.63 Down Trend,
• (Short-Term) 10 Day: 73.27 Down Trend,
• (Intermediate-Term) 20 Day: 70.92 Down Trend,
• (Intermediate-Term) 55 Day: 74.38 Down Trend,
• (Long-Term) 100 Day: 75.01 Down Trend,
• (Long-Term) 200 Day: 74.71 Down Trend.

Additional Metrics

• ATR:138,
• VOLMA:2577640.

Overall Rating

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

Key Insights Summary

USO is currently exhibiting a slow momentum environment with medium-sized bars, reflecting a period of consolidation after a recent sharp selloff and subsequent bounce from the 66.98 swing low. The short-term trend remains bearish, as indicated by the downward direction of the 5- and 10-day moving averages and the most recent swing pivot trend (DTrend). However, the intermediate-term HiLo trend is showing an uptrend, suggesting some underlying support and potential for a counter-trend rally if resistance levels are breached. All major moving averages (20, 55, 100, 200-day) are trending down, reinforcing a bearish long-term outlook. Key resistance levels are clustered above at 74.25 and higher, while support is established at 71.14 and 68.98. The ATR indicates moderate volatility, and volume is steady but not elevated. Overall, the chart reflects a market in a corrective phase within a broader downtrend, with potential for short-term rallies but significant overhead resistance to overcome for any sustained reversal.