USO United States Oil Fund LP Daily Chart Analysis: 2026-May-08 07:07 CT

Price Action

• Last: 134.97,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

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

MSFG Month May

• 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 127.38,
• 4. Pvt. Next: Pvt High 137.08,
• 5. Levels R: 151.63, 149.47,
• 6. Levels S: 127.38, 110.35, 106.45, 98.47, 89.11.

Daily Benchmarks

• (Short-Term) 5 Day: 143.12 Down Trend,
• (Short-Term) 10 Day: 140.77 Down Trend,
• (Intermediate-Term) 20 Day: 132.76 Up Trend,
• (Intermediate-Term) 55 Day: 119.04 Up Trend,
• (Long-Term) 100 Day: 96.88 Up Trend,
• (Long-Term) 200 Day: 84.90 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO remains in a broader bullish uptrend on the daily chart, but the most recent swing has turned corrective after a sharp rejection from the 149-152 resistance zone. Price is now below the short-term benchmarks and the pivot structure shows a DTrend with the next upside pivot still at 137.08, while key support is layered at 127.38 and then 110.35. The intermediate and long-term moving averages remain aligned higher, keeping the larger trend constructive even as near-term momentum cools. The chart is showing a high-volatility retracement after a strong impulse run, with price cycling back toward the rising 20-day area after extended upside travel.