USO United States Oil Fund LP Daily Chart Analysis: 2026-Jul-10 07:07 CT

Price Action

• Last: 108.90,
• 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 108.38,
• 4. Pvt. Next: Pvt High 113.72,
• 5. Levels R: 154.08, 141.42, 115.00,
• 6. Levels S: 108.38, 102.42, 98.47, 89.11, 78.03.

Daily Benchmarks

• (Short-Term) 5 Day: 106.55 Up Trend,
• (Short-Term) 10 Day: 106.73 Up Trend,
• (Intermediate-Term) 20 Day: 113.85 Down Trend,
• (Intermediate-Term) 55 Day: 120.74 Down Trend,
• (Long-Term) 100 Day: 92.92 Up Trend,
• (Long-Term) 200 Day: 95.38 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 broad corrective phase after the late-spring peak, with the daily pivot structure still pointed lower and the intermediate swing sequence showing lower highs and lower lows. The current bounce from the July low has lifted price back toward the 5/10-day averages, but the 20-day and 55-day benchmarks remain overhead and declining, keeping the intermediate tone heavy. The nearest pivot support sits near 108.38, with deeper support at 102.42 and 98.47, while recovery resistance is stacked near 113.72 and 115.00. The chart shows a volatile, stair-step decline from the May/June highs followed by a sharp rebound attempt, leaving the tape in a choppy transition zone where short-term momentum is stronger than the broader swing structure.