USO United States Oil Fund LP Daily Chart Analysis: 2026-Jul-16 07:09 CT

Price Action

• Last: 121.87,
• 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: 100%
• F0%/NTZ' Bias: Price Bullish,
• MSFG Trend: Bullish.

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: UTrend,
• 3. Pvt. Evolve: Pvt high 121.87,
• 4. Pvt. Next: Pvt low 115.97,
• 5. Levels R: 154.08, 141.42, 121.87,
• 6. Levels S: 107.49, 102.42, 98.47, 89.11, 78.03.

Daily Benchmarks

• (Short-Term) 5 Day: 113.58 Up Trend,
• (Short-Term) 10 Day: 109.48 Up Trend,
• (Intermediate-Term) 20 Day: 110.84 Up Trend,
• (Intermediate-Term) 55 Day: 119.84 Down Trend,
• (Long-Term) 100 Day: 121.41 Down Trend,
• (Long-Term) 200 Day: 96.82 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO has produced a sharp V-style recovery from the July pivot low, with price reclaiming the 5-, 10-, and 20-day benchmarks and advancing above the July monthly NTZ. The short-term pivot structure is in an UTrend, although price is now testing the active pivot-high area near 121.87 and the declining 100-day average at 121.41. Intermediate structure remains constructive but mixed because the 55-day average is still declining. The larger trend is neutral: price is well above the rising 200-day average, while the 100-day average remains in a downtrend. The prominent support sequence is 115.97, then 107.49 and the July grid around 102.42; overhead swing resistance is 141.42 followed by 154.08. The recent expansion in daily range and fast upside momentum reflects a high-volatility crude-oil swing phase rather than a low-volatility consolidation.