USO United States Oil Fund LP Daily Chart Analysis: 2025-Nov-02 18:21 CT

Price Action

• Last: 72.56,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

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

MSFG Month Nov

• 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 66.98,
• 4. Pvt. Next: Pvt high 73.70,
• 5. Levels R: 83.46, 81.13, 78.32, 74.25,
• 6. Levels S: 66.98, 65.96, 61.15, 61.08, 61.06, 61.05, 61.02, 61.00, 60.98, 60.96, 60.95, 60.92, 60.90, 60.88, 60.86, 60.85, 60.82, 60.80, 60.78, 60.76, 60.75.

Daily Benchmarks

• (Short-Term) 5 Day: 73.22 Down Trend,
• (Short-Term) 10 Day: 72.92 Down Trend,
• (Intermediate-Term) 20 Day: 70.92 Up Trend,
• (Intermediate-Term) 55 Day: 74.38 Down Trend,
• (Long-Term) 100 Day: 75.00 Down Trend,
• (Long-Term) 200 Day: 74.00 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 current swing pivot trend (DTrend). However, the intermediate-term HiLo trend has shifted to an uptrend, suggesting some recovery potential, but this is counterbalanced by the neutral stance of the monthly and weekly session fib grids. The price is trading below most key moving averages (55, 100, and 200-day), reinforcing a bearish long-term outlook. Resistance levels are stacked above, with significant supply at 74.25 and higher, while support is clustered around the recent lows. Volatility, as measured by ATR, is moderate, and volume remains steady. The overall structure suggests a market in transition, with short-term weakness but some signs of stabilization and potential for range-bound action as the market digests recent moves. No clear breakout or trend continuation is evident, and the technicals point to a choppy, indecisive phase rather than a strong directional move.