USO United States Oil Fund LP Daily Chart Analysis: 2026-Jul-14 07:07 CT

Price Action

Last: 118.00,
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 High 119.05,
4. Pvt. Next: Pvt Low 113.63,
5. Levels R: 154.08, 141.42, 119.05,
6. Levels S: 107.49, 102.42, 98.47, 89.11, 78.03.

Daily Benchmarks

(Short-Term) 5 Day: 108.64 Up Trend,
(Short-Term) 10 Day: 106.94 Up Trend,
(Intermediate-Term) 20 Day: 111.95 Down Trend,
(Intermediate-Term) 55 Day: 119.91 Down Trend,
(Long-Term) 100 Day: 120.57 Down Trend,
(Long-Term) 200 Day: 95.70 Up Trend.

Additional Metrics

ATR: 138,
VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is in a sharp recovery phase after the June decline, with a strong rebound from the mid-100s back toward 118, showing fast momentum and large daily range expansion. The short-term structure has turned constructive after the latest low-to-high swing, but the intermediate trend remains pressured because price is still below the 20, 55, and 100 day benchmarks and the pivot structure still reflects a broader down leg from the June peak. The chart is trading between major swing reference zones, with overhead resistance clustered at 119.05, 141.42, and 154.08, while support sits near 107.49, 102.42, and 98.47. The longer-term backdrop stays mixed-to-bullish because price remains well above the 200 day benchmark and the major secular structure from earlier in the year is still elevated relative to the spring base, but the current daily action is dominated by a volatile countertrend rebound inside a larger corrective sequence.