USO United States Oil Fund LP Daily Chart Analysis: 2026-Aug-05 07:10 CT

Price Action

• Last: 118.48,
• 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: 0%
• 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 114.86,
• 4. Pvt. Next: Pvt high 131.72,
• 5. Levels R: 154.08, 142.33, 130.98,
• 6. Levels S: 114.86, 107.49, 102.42.

Daily Benchmarks

• (Short-Term) 5 Day: 125.71 Down Trend,
• (Short-Term) 10 Day: 129.00 Down Trend,
• (Intermediate-Term) 20 Day: 122.85 Down Trend,
• (Intermediate-Term) 55 Day: 122.80 Down Trend,
• (Long-Term) 100 Day: 126.71 Down Trend,
• (Long-Term) 200 Day: 100.48 Up Trend.

Additional Metrics

• ATR: 8.20,
• VOLMA: 500.

Overall Rating

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

Key Insights Summary

USO is in a short-term countertrend bounce following the sharp rejection from the 130.98 pivot resistance and the subsequent decline into the 114.86 pivot low. Price has recovered to the August monthly F0% area near 118.48, but remains below the 5-, 10-, 20-, 55-, and 100-day benchmarks, preserving a bearish short- and intermediate-term structure. The pivot sequence remains DTrend, with 114.86 as the active near-term support and 130.98 as the key overhead swing resistance. Longer-term structure is mixed: price remains above a rising 200-day benchmark, while the 100-day benchmark remains overhead and declining.