USO United States Oil Fund LP Daily Chart Analysis: 2026-Jan-04 18:12 CT

Price Action

• Last: 68.97,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

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

MSFG Month Jan

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

YSFG Year 2026

• 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 68.15,
• 4. Pvt. Next: Pvt high 69.95,
• 5. Levels R: 74.25, 73.07, 72.34, 70.58, 70.33,
• 6. Levels S: 68.15, 66.99, 65.99.

Daily Benchmarks

• (Short-Term) 5 Day: 69.44 Down Trend,
• (Short-Term) 10 Day: 69.04 Down Trend,
• (Intermediate-Term) 20 Day: 69.87 Down Trend,
• (Intermediate-Term) 55 Day: 70.42 Down Trend,
• (Long-Term) 100 Day: 71.96 Down Trend,
• (Long-Term) 200 Day: 71.06 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 action characterized by slow momentum and medium-sized bars, indicating a lack of strong directional conviction but persistent downside pressure. The swing pivot trend is down both short- and intermediate-term, with the most recent pivot low at 68.15 and the next potential reversal at 69.95, suggesting the market is currently testing support levels. All benchmark moving averages from short to long term are trending down, reinforcing the prevailing bearish sentiment. Resistance levels are stacked above current price, while support is clustered just below, highlighting a market that is consolidating near the lower end of its recent range. Volatility, as measured by ATR, remains moderate, and volume is steady but not elevated, indicating no major capitulation or breakout. The overall technical landscape points to a market in a corrective or distribution phase, with no immediate signs of reversal or renewed bullish momentum.