USO United States Oil Fund LP Daily Chart Analysis: 2026-Aug-04 07:10 CT

Price Action

• Last: 122.49,
• Bars: Medium,
• Mom: average.

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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt low 119.54,
• 4. Pvt. Next: Pvt high 128.40,
• 5. Levels R: 154.08, 142.33, 130.98,
• 6. Levels S: 119.54, 118.48, 107.49, 102.42, 98.47.

Daily Benchmarks

• (Short-Term) 5 Day: 126.24 Up Trend,
• (Short-Term) 10 Day: 129.34 Down Trend,
• (Intermediate-Term) 20 Day: 121.49 Up Trend,
• (Intermediate-Term) 55 Day: 122.83 Up Trend,
• (Long-Term) 100 Day: 126.64 Up Trend,
• (Long-Term) 200 Day: 100.21 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO remains in a short-term pivot downtrend despite the rebound from the July low near 102.42. Price has recovered above the rising 20-day benchmark at 121.49 but remains below the 55-day, 5-day, 10-day, and 100-day benchmarks, reflecting a counter-trend bounce within a broader multi-month consolidation. The 119.54 to 118.48 support band is the near-term structural floor, while 128.40 and 130.98 define the closest pivot-reversal and resistance zone. The longer-term benchmark alignment remains constructive above the rising 200-day average, but the declining intermediate pivot sequence and relatively subdued volume indicate uneven futures-linked energy participation rather than a sustained directional expansion.