USO United States Oil Fund LP Daily Chart Analysis: 2026-Oct-24 07:08 CT

Price Action

• Last: 161.98,
• Bars: Medium,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Bullish,
• WSFG Trend: Bullish.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Bullish,
• MSFG Trend: Bullish.

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 169.98,
• 4. Pvt. Next: Pvt low 161.98,
• 5. Levels R: 169.98,
• 6. Levels S: 145.41, 125.41, 113.86, 107.49, 102.42.

Daily Benchmarks

• (Short-Term) 5 Day: 161.10 Up Trend,
• (Short-Term) 10 Day: 156.87 Up Trend,
• (Intermediate-Term) 20 Day: 151.89 Up Trend,
• (Intermediate-Term) 55 Day: 145.23 Up Trend,
• (Long-Term) 100 Day: 133.72 Up Trend,
• (Long-Term) 200 Day: 121.10 Up Trend.

Additional Metrics

• ATR: 5.00,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO remains in a broad futures-style swing advance, with price holding above all rising benchmark averages and the pivot structure retaining both short-term and intermediate-term UTrends. The October monthly grid is well below current price, reflecting an extended upside leg following the September-October breakout. Near-term action is testing the 161.98 pivot-low reversal area after a fast rally toward 169.98 resistance; this creates a high-volatility consolidation zone beneath the prior swing high. The dominant structure remains higher highs and higher lows, while the 5-day average near 161.10 is the nearest short-term trend reference and 151.89-145.23 marks the more substantial intermediate support region.