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

Price Action

• Last: 119.70,
• 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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt low 113.86,
• 4. Pvt. Next: Pvt high 120.70,
• 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: 121.89 Down Trend,
• (Short-Term) 10 Day: 126.02 Down Trend,
• (Intermediate-Term) 20 Day: 123.93 Down Trend,
• (Intermediate-Term) 55 Day: 122.28 Down Trend,
• (Long-Term) 100 Day: 126.75 Down Trend,
• (Long-Term) 200 Day: 89.11 Up Trend.

Additional Metrics

• ATR: 824,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO remains in a daily pivot-defined decline, with lower-high and lower-low structure reflected by DTrend readings in both the short-term pivot and intermediate HiLo trend. The rebound from 113.86 produced a lower swing high near 130.98 and has since retraced toward the August monthly grid area. Price is below all short- and intermediate-term benchmark averages, while 120.70 is the immediate pivot reversal reference and 113.86 remains the active downside swing reference. From a futures swing-trader perspective, the structure is a high-volatility countertrend bounce within a broader corrective phase; the still-rising 200-day average near 89.11 keeps the larger secular base constructive despite the current bearish daily alignment.