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

Price Action

• Last: 118.56,
• 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: Down.

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 120.62,
• 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: 120.16 Down Trend,
• (Short-Term) 10 Day: 123.95 Down Trend,
• (Intermediate-Term) 20 Day: 123.82 Down Trend,
• (Intermediate-Term) 55 Day: 122.16 Down Trend,
• (Long-Term) 100 Day: 126.74 Down Trend,
• (Long-Term) 200 Day: 101.72 Up Trend.

Additional Metrics

• ATR: 5.00,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO reflects a sharp futures-style momentum reversal from the 142.33 swing high, with large-range selling bars driving price below the 5-, 10-, 20-, 55-, and 100-day benchmarks. The pivot structure remains bearish, defined by lower highs and lower lows, while 120.62 is the current opposite-pivot threshold and the 120.16 to 123.95 moving-average cluster is overhead. Price is testing the 113.86 pivot-low support area after a fast decline; a break would expose 107.49 and 102.42, while the rising 200-day benchmark at 101.72 remains the major longer-cycle support. The August monthly grid places price below its NTZ, consistent with intermediate-term downside pressure, although the longer-term structure remains mixed because price is still above the rising 200-day average.