USO United States Oil Fund LP Daily Chart Analysis: 2026-Aug-03 07:10 CT

Price Action

Last: 130.98,
Bars: Medium,
Mom: fast.

WSFG Weekly

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

MSFG Month Aug

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

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: DTrend,
3. Pvt. Evolve: Pvt high 130.98,
4. Pvt. Next: Pvt low 124.08,
5. Levels R: 154.08, 142.33, 130.98,
6. Levels S: 118.48, 107.49, 102.42, 98.47, 89.11, 87.11.

Daily Benchmarks

(Short-Term) 5 Day: 127.75 Up Trend,
(Short-Term) 10 Day: 128.83 Down Trend,
(Intermediate-Term) 20 Day: 120.40 Up Trend,
(Intermediate-Term) 55 Day: 122.60 Up Trend,
(Long-Term) 100 Day: 126.92 Up Trend,
(Long-Term) 200 Day: 99.92 Up Trend.

Additional Metrics

ATR: 138,
VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO has produced a fast V-recovery from the July 102.42 swing low and has reclaimed the rising 5-day, 20-day, 55-day, 100-day, and 200-day benchmarks. The short-term pivot structure is in UTrend, although the intermediate HiLo structure remains DTrend because the broader sequence still contains lower highs from the May peak. Price is testing the 130.98 pivot-high resistance area after a sharp rebound, with 142.33 and 154.08 defining the higher resistance hierarchy. The 124.08 pivot-next level and clustered 120.40 to 122.60 intermediate averages define the nearest structural retracement zone, while 118.48 is the key lower swing support. Momentum is fast but volume participation remains comparatively subdued versus earlier-period activity, characterizing the move as a technically strong rebound within an intermediate-term transition rather than a fully confirmed broad-cycle breakout.