USO United States Oil Fund LP Daily Chart Analysis: 2025-Nov-24 07:20 CT

Price Action

• Last: 69.30,
• 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: DTrend,
• 3. Pvt. Evolve: Pvt low 66.98,
• 4. Pvt. Next: Pvt high 70.54,
• 5. Levels R: 84.88, 83.13, 78.32, 74.25, 73.07, 72.25,
• 6. Levels S: 66.98, 66.95, 71.75.

Daily Benchmarks

• (Short-Term) 5 Day: 70.01 Down Trend,
• (Short-Term) 10 Day: 71.15 Down Trend,
• (Intermediate-Term) 20 Day: 71.59 Down Trend,
• (Intermediate-Term) 55 Day: 72.61 Down Trend,
• (Long-Term) 100 Day: 73.64 Down Trend,
• (Long-Term) 200 Day: 72.06 Down Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2,577,640.

Overall Rating

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

Key Insights Summary

USO is exhibiting a clear bearish structure across all timeframes, with price closing at 69.30 and all benchmark moving averages trending down. The short-term and intermediate-term swing pivot trends are both in a downtrend, with the most recent pivot low at 66.98 and the next potential pivot high at 70.54. Resistance levels are stacked well above current price, while support is clustered near recent lows, suggesting limited downside before a potential test or bounce. Momentum is slow and volatility (ATR) is moderate, with volume slightly elevated but not extreme. The price is trading below all major moving averages, reinforcing the prevailing bearish sentiment. The market appears to be in a corrective or continuation phase after a series of lower highs and lower lows, with no immediate signs of reversal. This environment is typical of a swing downtrend, with potential for further downside or consolidation before any significant recovery attempt.