USO United States Oil Fund LP Daily Chart Analysis: 2025-Dec-02 07:21 CT

Price Action

• Last: 71.06,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

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

MSFG Month Dec

• 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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 71.33,
• 4. Pvt. Next: Pvt low 68.12,
• 5. Levels R: 78.32, 74.25, 73.07, 72.68,
• 6. Levels S: 68.98, 68.26, 66.98, 65.96, 61.75.

Daily Benchmarks

• (Short-Term) 5 Day: 70.02 Up Trend,
• (Short-Term) 10 Day: 70.83 Up Trend,
• (Intermediate-Term) 20 Day: 71.04 Up Trend,
• (Intermediate-Term) 55 Day: 71.72 Down Trend,
• (Long-Term) 100 Day: 73.33 Down Trend,
• (Long-Term) 200 Day: 72.45 Down Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2,577,640.

Overall Rating

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

Key Insights Summary

USO is currently showing a short-term and intermediate-term bullish reversal, with price action recovering from recent lows and forming higher swing lows. The short-term and intermediate-term moving averages have turned up, supporting the current UTrend in both the swing pivot and HiLo trend metrics. However, the longer-term moving averages (100 and 200 day) remain in a downtrend, indicating that the broader trend is still bearish and that the current rally is occurring within a larger corrective or consolidation phase. Resistance levels are clustered in the low-to-mid 70s, with significant overhead supply near 73–74 and a major swing high at 78.32. Support is well-defined in the upper 60s, with multiple recent tests and rebounds. Volatility (ATR) is moderate, and volume is steady, suggesting a balanced environment rather than a breakout or panic phase. The overall structure points to a market in transition, with short-term momentum favoring further upside tests, but longer-term headwinds still present. Swing traders may observe for potential continuation toward resistance or signs of exhaustion as price approaches the upper bands of the recent range.