USO United States Oil Fund LP Daily Chart Analysis: 2026-Nov-08 18:09 CT

Price Action

• Last: 147.16,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Nov

• 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: UTrend,
• 3. Pvt. Evolve: Pvt Low 142.98,
• 4. Pvt. Next: Pvt High 153.76,
• 5. Levels R: 171.82,
• 6. Levels S: 141.76, 125.41, 113.86, 102.42.

Daily Benchmarks

• (Short-Term) 5 Day: 155.50 Down Trend,
• (Short-Term) 10 Day: 161.19 Down Trend,
• (Intermediate-Term) 20 Day: 159.43 Down Trend,
• (Intermediate-Term) 55 Day: 149.87 Down Trend,
• (Long-Term) 100 Day: 136.11 Up Trend,
• (Long-Term) 200 Day: 125.58 Up Trend.

Additional Metrics

• ATR: 12.25,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is undergoing a fast, high-volatility countertrend selloff after rejecting from the 171.82 swing-high resistance zone. The short-term pivot structure is bearish, with price below the 5-, 10-, 20-, and 55-day benchmarks and a large decline through the 149.87 area. The 142.98 pivot low and 141.76 support zone define the immediate downside structure, while 153.76 is the next pivot-reversal reference. Intermediate structure remains mixed because the HiLo trend is still upward and price remains materially above the rising 100- and 200-day benchmarks. From a futures swing-trader perspective, the chart reflects a sharp liquidation phase inside a broader long-term recovery trend, with elevated ATR confirming wide daily range conditions and increased sensitivity to crude-oil news flow.