USO United States Oil Fund LP Daily Chart Analysis: 2026-Feb-24 07:11 CT

Price Action

Last: 80.90,
Bars: Large,
Mom: Momentum fast.

WSFG Weekly

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

MSFG Month Feb

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: UTrend,
(Intermediate-Term) 2. HiLo Trend: UTrend,
3. Pvt. Evolve: Pvt high 80.90,
4. Pvt. Next: Pvt low 78.66,
5. Levels R: 81.46, 80.90, 78.66, 77.35,
6. Levels S: 74.46, 74.00, 67.35, 65.99.

Daily Benchmarks

(Short-Term) 5 Day: 78.84 Up Trend,
(Short-Term) 10 Day: 77.68 Up Trend,
(Intermediate-Term) 20 Day: 77.37 Up Trend,
(Intermediate-Term) 55 Day: 74.29 Up Trend,
(Long-Term) 100 Day: 72.03 Up Trend,
(Long-Term) 200 Day: 72.81 Up Trend.

Additional Metrics

ATR: 138,
VOLMA: 2,577,640.

Overall Rating

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

Key Insights Summary

USO is exhibiting strong bullish momentum across all timeframes, with price recently breaking to new swing highs and large bullish bars confirming fast momentum. All benchmark moving averages (from short to long-term) are in uptrends, supporting the strength of the current move. Swing pivot analysis shows an established uptrend in both short and intermediate terms, with resistance levels being tested and surpassed, and support levels moving higher. The ATR indicates heightened volatility, while volume remains robust, confirming active participation in the current trend. The price is well above all major moving averages, suggesting a sustained rally phase. No significant reversal signals are present, and the technical structure favors trend continuation, with higher lows and higher highs dominating the recent price action. The environment is characterized by strong trend dynamics, with little evidence of consolidation or pullback at this stage.