USO United States Oil Fund LP Daily Chart Analysis: 2026-Oct-31 07:09 CT

Price Action

• Last: 170.33,
• Bars: Medium,
• Mom: Fast.

WSFG Weekly

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

MSFG Month Oct

• Intermediate-Term
• MSFG Current: >100%
• F0%/NTZ' Bias: Price Bullish,
• MSFG Trend: UTrend.

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 171.82,
• 4. Pvt. Next: Pvt low 163.12,
• 5. Levels R: 171.82,
• 6. Levels S: 141.76.

Daily Benchmarks

• (Short-Term) 5 Day: 166.88 Up Trend,
• (Short-Term) 10 Day: 163.09 Up Trend,
• (Intermediate-Term) 20 Day: 156.54 Up Trend,
• (Intermediate-Term) 55 Day: 148.82 Up Trend,
• (Long-Term) 100 Day: 134.75 Up Trend,
• (Long-Term) 200 Day: 123.35 Up Trend.

Additional Metrics

• ATR: 8.70,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is in a broad, momentum-led advance with price holding above every daily benchmark and the pivot structure maintaining both short-term and intermediate-term UTrends. The late-October rally has accelerated into the 171.82 pivot-high resistance area after a sequence of higher lows and higher highs. The 163.12 pivot-next level defines the nearest structural retracement reference, while the rising 20-day and 55-day averages near 156.54 and 148.82 show substantial trend separation. From a futures swing perspective, the market structure reflects a strong upside price cycle with elevated ATR and a somewhat extended distance above the monthly October NTZ, making current action characterized by fast momentum rather than base-building consolidation.