USO United States Oil Fund LP Daily Chart Analysis: 2026-Aug-24 07:11 CT

Price Action

• Last: 135.69,
• 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 Above NTZ,
• MSFG Trend: Bullish.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 135.91,
• 4. Pvt. Next: Pvt low 129.83,
• 5. Levels R: 154.08, 142.33, 135.91,
• 6. Levels S: 113.86, 107.49, 102.42, 98.47, 89.11.

Daily Benchmarks

• (Short-Term) 5 Day: 130.60 Up Trend,
• (Short-Term) 10 Day: 127.68 Up Trend,
• (Intermediate-Term) 20 Day: 125.82 Up Trend,
• (Intermediate-Term) 55 Day: 123.96 Up Trend,
• (Long-Term) 100 Day: 127.76 Up Trend,
• (Long-Term) 200 Day: 104.01 Up Trend.

Additional Metrics

• ATR: 8.36,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is in a broad bullish swing structure, with both the short-term pivot trend and intermediate HiLo trend in UTrend. The current advance has recovered sharply from the July low near 102.42 and is now pressing the 135.91 pivot-high area. Price is above every benchmark average, while the 5-day, 10-day, 20-day, 55-day, 100-day, and 200-day averages are all rising. For a futures swing-trader perspective, the market reflects strong upside momentum and a higher-low sequence, although the move is extended from the August monthly NTZ near 120. The nearest structural upside references are 135.91 and 142.33, while 129.83 is the pivot-reversal reference and the 123.96 to 125.82 moving-average cluster is the main intermediate pullback zone.