USO United States Oil Fund LP Daily Chart Analysis: 2026-Aug-06 07:11 CT

Price Action

• Last: 114.54,
• Bars: Large,
• 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 Below NTZ,
• MSFG Trend: Bearish.

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 113.86,
• 4. Pvt. Next: Pvt high 120.72,
• 5. Levels R: 154.08, 142.33, 130.98,
• 6. Levels S: 113.86, 107.49, 102.42, 98.47, 89.11.

Daily Benchmarks

• (Short-Term) 5 Day: 124.77 Down Trend,
• (Short-Term) 10 Day: 127.70 Down Trend,
• (Intermediate-Term) 20 Day: 123.39 Down Trend,
• (Intermediate-Term) 55 Day: 122.55 Down Trend,
• (Long-Term) 100 Day: 125.64 Up Trend,
• (Long-Term) 200 Day: 100.71 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is in a fast short-term selloff following rejection from the 130.98 pivot resistance area. Price is below the August monthly NTZ and beneath the 5-, 10-, 20-, and 55-day benchmarks, while the pivot structure remains a lower-high and lower-low DTrend. The 113.86 pivot low is the immediate structural reference, with lower support layers at 107.49 and 102.42. Long-term structure remains constructive because the 100- and 200-day averages retain upward trends, although the current decline is a pronounced countertrend retracement beneath the 100-day average.