USO United States Oil Fund LP Daily Chart Analysis: 2025-Dec-23 07:17 CT

Price Action

• Last: 69.73,
• 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: DTrend,
• 3. Pvt. Evolve: Pvt high 69.73,
• 4. Pvt. Next: Pvt low 67.87,
• 5. Levels R: 84.46, 83.19, 81.73, 78.32, 74.25, 72.34,
• 6. Levels S: 69.65, 66.99, 61.75.

Daily Benchmarks

• (Short-Term) 5 Day: 67.45 Up Trend,
• (Short-Term) 10 Day: 68.82 Up Trend,
• (Intermediate-Term) 20 Day: 70.04 Down Trend,
• (Intermediate-Term) 55 Day: 72.04 Down Trend,
• (Long-Term) 100 Day: 75.76 Down Trend,
• (Long-Term) 200 Day: 77.04 Down Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is currently showing a short-term upswing, with the latest pivot marking a swing high at 69.73 and both the 5-day and 10-day moving averages trending upward. However, the intermediate and long-term trends remain bearish, as indicated by the downward slopes of the 20, 55, 100, and 200-day moving averages. The price is trading below major resistance levels (notably 72.34 and 74.25) and above key support at 69.65 and 66.99, suggesting a range-bound environment with a slight upward bias in the short term. The ATR indicates moderate volatility, and volume is steady but not elevated. The overall structure reflects a market in consolidation after a prolonged downtrend, with recent price action hinting at a possible short-term bounce but no clear evidence of a sustained reversal. Swing traders may note the potential for continued choppy price action between support and resistance, with the broader trend still favoring the downside unless a significant breakout above resistance occurs.