USO United States Oil Fund LP Daily Chart Analysis: 2026-Jul-24 07:09 CT

Price Action

• Last: 139.85,
• 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 Bullish,
• MSFG Trend: UTrend.

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 142.33,
• 4. Pvt. Next: Pvt low 135.29,
• 5. Levels R: 154.08, 142.33,
• 6. Levels S: 107.49, 102.42, 98.47, 89.11, 78.03, 75.69.

Daily Benchmarks

• (Short-Term) 5 Day: 125.88 Up Trend,
• (Short-Term) 10 Day: 120.63 Up Trend,
• (Intermediate-Term) 20 Day: 113.68 Up Trend,
• (Intermediate-Term) 55 Day: 120.92 Up Trend,
• (Long-Term) 100 Day: 124.07 Up Trend,
• (Long-Term) 200 Day: 98.19 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO reflects a sharp V-style recovery from the July 102.42 support region, with large-range upside bars and fast momentum carrying price above every displayed benchmark average. The short-term pivot structure is in an UTrend and price is approaching the active 142.33 pivot-high resistance; 154.08 is the larger overhead swing-resistance level. The 135.29 pivot-next level defines the nearest short-term structural retracement point, while the monthly July NTZ is far below price near the 104 area, confirming an extended upside displacement. Intermediate and long-term participation remains constructive because the 20, 55, 100, and 200-day averages are all rising, although the current advance is materially stretched above the 20-day benchmark and reflects elevated directional momentum rather than consolidation.