USO United States Oil Fund LP Daily Chart Analysis: 2026-Jul-20 07:09 CT

Price Action

• Last: 124.28,
• Bars: Medium,
• Mom: Fast.

WSFG Weekly

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

MSFG Month Jul

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Above NTZ,
• MSFG Trend: UTrend.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Above NTZ,
• YSFG Trend: UTrend.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 124.28,
• 4. Pvt. Next: Pvt low 118.44,
• 5. Levels R: 154.08, 141.42, 124.88,
• 6. Levels S: 107.49, 102.42, 98.47, 89.11, 78.03.

Daily Benchmarks

• (Short-Term) 5 Day: 117.47 Up Trend,
• (Short-Term) 10 Day: 112.58 Up Trend,
• (Intermediate-Term) 20 Day: 110.84 Up Trend,
• (Intermediate-Term) 55 Day: 119.88 Down Trend,
• (Long-Term) 100 Day: 122.18 Down Trend,
• (Long-Term) 200 Day: 97.14 Up Trend.

Additional Metrics

• ATR: 7.99,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO shows a sharp V-style recovery from the July 102.42 support region, with fast upside momentum lifting price above the 5, 10, 20, 55, and 100-day benchmarks. The pivot structure is UTrend across both short- and intermediate-term measures, although price is testing the nearby 124.88 resistance area after a rapid advance. From a futures swing-trader perspective, the dominant theme is a high-volatility bullish continuation phase above the July monthly grid, while 118.44 is the nearest pivot-based retracement reference and 107.49 remains the major structural support level. The 55- and 100-day averages retain declining trend labels, reflecting the prior June-to-July decline, but current price action has reclaimed those averages and shifted the near-term cycle upward.