USO United States Oil Fund LP Daily Chart Analysis: 2026-Jul-06 07:07 CT

Price Action

Last: 102.42,
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 102.42,
4. Pvt. Next: Pvt High 108.84,
5. Levels R: 154.08, 141.42,
6. Levels S: 102.42, 98.47, 89.11, 78.03, 75.18.

Daily Benchmarks

(Short-Term) 5 Day: 106.32 Down Trend,
(Short-Term) 10 Day: 109.09 Down Trend,
(Intermediate-Term) 20 Day: 119.68 Down Trend,
(Intermediate-Term) 55 Day: 122.81 Down Trend,
(Long-Term) 100 Day: 107.40 Down Trend,
(Long-Term) 200 Day: 95.24 Up Trend.

Additional Metrics

ATR: 7.97,
VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is in a sharp daily decline with large-range bars and fast downside momentum, reflecting a decisive swing move lower from the early-June peak and a continued sequence of lower highs and lower lows. The swing pivot structure remains in DTrend, with the current pivot low at 102.42 and the next opposite pivot referenced at 108.84, while resistance overhead is defined by 141.42 and 154.08. Price is trading below the 5, 10, 20, 55, and 100-day benchmarks, which keeps the short- and intermediate-term structure firmly bearish; the only supportive long-term reference is the rising 200-day benchmark at 95.24. The monthly July fib grid is neutral in its center zone, but price sitting near the lower portion of the monthly NTZ after a steep selloff points to a completed impulse leg followed by a weak rebound attempt, with the broader tape still dominated by trend compression, retracement failure, and bearish continuation behavior.