USO United States Oil Fund LP Daily Chart Analysis: 2026-Jul-23 07:09 CT

Price Action

• Last: 132.91,
• 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 Above NTZ,
• 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 132.91,
• 4. Pvt. Next: Pvt low 125.97,
• 5. Levels R: 154.08, 141.42, 132.91,
• 6. Levels S: 107.49, 102.42, 98.47, 89.11, 78.03.

Daily Benchmarks

• (Short-Term) 5 Day: 123.80 Up Trend,
• (Short-Term) 10 Day: 118.69 Up Trend,
• (Intermediate-Term) 20 Day: 112.88 Up Trend,
• (Intermediate-Term) 55 Day: 120.53 Up Trend,
• (Long-Term) 100 Day: 123.55 Up Trend,
• (Long-Term) 200 Day: 97.96 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO has developed a strong futures-style momentum recovery from the July low near the monthly NTZ, producing higher lows and a rapid sequence of higher pivot highs. Price has reached the 132.91 pivot-resistance area with fast upside momentum and is positioned above every listed benchmark, while all benchmark trends are rising. The short-term pivot structure remains UTrend, although 125.97 defines the next opposite-pivot reversal reference. The broader swing structure remains constructive above the 120.53 to 123.55 intermediate and long-term moving-average cluster, with 141.42 and 154.08 the next overhead pivot-resistance zones. Volume remains relatively subdued versus the earlier spring activity, indicating that the current advance is technically strong but occurring without a comparable expansion in participation.