USO United States Oil Fund LP Daily Chart Analysis: 2026-Jul-17 07:08 CT

Price Action

• Last: 121.87,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Bullish,
• WSFG Trend: Bullish.

MSFG Month Jul

• Intermediate-Term
• MSFG Current: NA%
• 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: 115.41 Up Trend,
• (Short-Term) 10 Day: 110.98 Up Trend,
• (Intermediate-Term) 20 Day: 110.05 Up Trend,
• (Intermediate-Term) 55 Day: 119.90 Up Trend,
• (Long-Term) 100 Day: 121.81 Down Trend,
• (Long-Term) 200 Day: 96.80 Up Trend.

Additional Metrics

• ATR: 7.96,
• VOLMA: 8270000.

Overall Rating

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

Key Insights Summary

USO shows a sharp V-style recovery from the July low area near 105, with large-range upside bars carrying price back above the 5-, 10-, 20-, and 55-day benchmarks. Short-term and intermediate pivot structures have turned upward, while the 121.87 pivot is the immediate price inflection and the 141.42 level remains the larger overhead swing resistance. The move has rapidly reclaimed the 100-day average near 121.81, although that long-term average remains in a downtrend; this keeps the longer-term structure mixed despite the strong near-term recovery. The 115.97 next-pivot level is the closest swing reference below price, followed by the broader 107.49 to 102.42 support zone. Elevated ATR reflects an expanded volatility regime following the July selloff and rebound.