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

Price Action

• Last: 109.84,
• Bars: Medium,
• 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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt High 109.84,
• 4. Pvt. Next: Pvt Low 104.24,
• 5. Levels R: 154.08, 141.42, 109.84,
• 6. Levels S: 102.42, 98.47, 89.11, 78.03, 75.18.

Daily Benchmarks

• (Short-Term) 5 Day: 105.02 Down Trend,
• (Short-Term) 10 Day: 107.01 Down Trend,
• (Intermediate-Term) 20 Day: 116.20 Down Trend,
• (Intermediate-Term) 55 Day: 121.51 Down Trend,
• (Long-Term) 100 Day: 129.28 Down Trend,
• (Long-Term) 200 Day: 95.53 Up Trend.

Additional Metrics

• ATR: 7.91,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is in a sharp corrective phase after the spring/summer surge, with price pressing back toward the lower end of the recent range after failing from the 150s. The daily structure shows a fast downside momentum swing, but the short-term pivot trend remains UTrend from the most recent rebound off the 104 area, creating a mixed tape between recovery and broader weakness. Benchmark alignment is still mostly bearish across the 5, 10, 20, 55, and 100 day averages, while the 200 day remains in an uptrend, keeping the longer horizon from turning fully bearish. The pivot map shows resistance layered overhead at 109.84, 141.42, and 154.08, while support is defined by 102.42, 98.47, and the lower 89/78/75 zone, reflecting a market that has already completed a deep retracement and is now attempting to stabilize.