USO United States Oil Fund LP Daily Chart Analysis: 2026-Jan-05 07:18 CT

Price Action

• Last: 69.37,
• 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, 69.95,
• 6. Levels S: 68.15, 66.99, 65.99.

Daily Benchmarks

• (Short-Term) 5 Day: 69.64 Down Trend,
• (Short-Term) 10 Day: 69.87 Down Trend,
• (Intermediate-Term) 20 Day: 70.42 Down Trend,
• (Intermediate-Term) 55 Day: 71.06 Down Trend,
• (Long-Term) 100 Day: 71.96 Down Trend,
• (Long-Term) 200 Day: 71.00 Down Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

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 a persistent downward bias. 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. Resistance levels cluster above current price, while support is found at 68.15, 66.99, and 65.99, suggesting the market is testing lower boundaries and could see further downside if these supports break. All benchmark moving averages (from 5-day to 200-day) are trending down, reinforcing the prevailing bearish sentiment. The ATR indicates moderate volatility, and volume remains steady but not elevated, pointing to a controlled, methodical selloff rather than panic-driven moves. The overall technical landscape suggests a market in a sustained downtrend, with no immediate signs of reversal or strong counter-trend activity. The environment is one of lower highs and lower lows, with price consolidating near support and unable to reclaim key resistance levels, typical of a market in a corrective or distribution phase.