USO United States Oil Fund LP Daily Chart Analysis: 2026-Jul-02 07:08 CT

Price Action

• Last: 103.15,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

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

MSFG Month Jul

• 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 103.15,
• 4. Pvt. Next: Pvt High 109.99,
• 5. Levels R: 154.08, 141.42,
• 6. Levels S: 103.15, 98.47, 89.11, 78.03, 75.18.

Daily Benchmarks

• (Short-Term) 5 Day: 106.92 Down Trend,
• (Short-Term) 10 Day: 110.31 Down Trend,
• (Intermediate-Term) 20 Day: 121.36 Down Trend,
• (Intermediate-Term) 55 Day: 123.54 Down Trend,
• (Long-Term) 100 Day: 148.48 Down Trend,
• (Long-Term) 200 Day: 95.09 Up Trend.

Additional Metrics

• ATR: 7.97,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is in a pronounced downside swing with fast downside momentum and a large daily bar profile. Price has rolled over sharply from the 140s and 150s area and is now pressing into the 103 area, which is both the current pivot-low zone and the nearest swing support. The swing structure shows a clear DTrend on both the short-term pivot and the broader HiLo trend, while the benchmark stack is bearish across the 5, 10, 20, 55, and 100 day averages. The only positive longer-term benchmark is the 200 day, which remains above price on the chart context but is still trending higher. The pattern reads like a strong retracement within a larger cyclical advance, with lower highs, lower lows, and failed rebounds from prior resistance zones. The recent tape reflects bearish continuation, a momentum unwind, and a test of prior support levels after a steep selloff.