USO United States Oil Fund LP Daily Chart Analysis: 2026-Jun-29 07:08 CT

Price Action

• Last: 104.07,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Jun

• 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 104.07,
• 4. Pvt. Next: Pvt High 111.87,
• 5. Levels R: 154.08, 141.42,
• 6. Levels S: 104.07, 98.47, 89.11, 78.03, 75.18.

Daily Benchmarks

• (Short-Term) 5 Day: 110.88 Down Trend,
• (Short-Term) 10 Day: 115.96 Down Trend,
• (Intermediate-Term) 20 Day: 125.18 Down Trend,
• (Intermediate-Term) 55 Day: 125.52 Down Trend,
• (Long-Term) 100 Day: 117.59 Up Trend,
• (Long-Term) 200 Day: 94.60 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is in a pronounced selloff from the late-May/early-June highs, with the daily structure now printing lower highs and lower lows and the latest pivot resolved to a new swing low at 104.07. Short-term momentum is fast to the downside, and price is trading under the 5, 10, 20, 55, and 100-day benchmarks, which keeps the tape aligned with a bearish swing profile. The June MSFG sits overhead near the 134 area, so the current price is operating well below the monthly midpoint and below the active value zone. The nearest meaningful support is the 104.07 pivot, followed by the prior support stack at 98.47, 89.11, 78.03, and 75.18, while the only clearly defined resistance overhead remains the 141.42 and 154.08 pivot levels. The long-term structure is less damaged than the short-term tape because the 200-day benchmark is still rising, but the present chart still reflects a strong downside trend cycle and a trend-continuation character rather than a consolidation phase.