USO United States Oil Fund LP Weekly Chart Analysis: 2025-Sep-02 07:18 CT

Price Action

• Last: 74.84,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

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

MSFG Month Sep

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

YSFG Year 2025

• 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 61.75,
• 4. Pvt. Next: Pvt High 83.46,
• 5. Levels R: 92.20, 84.58, 83.46, 81.24,
• 6. Levels S: 61.75, 60.67, 59.78, 57.83.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 74.61 Down Trend,
• (Intermediate-Term) 10 Week: 74.06 Down Trend,
• (Long-Term) 20 Week: 72.41 Up Trend,
• (Long-Term) 55 Week: 71.13 Up Trend,
• (Long-Term) 100 Week: 74.06 Down Trend,
• (Long-Term) 200 Week: 77.13 Up Trend.

Overall Rating

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

Key Insights Summary

The USO weekly chart reflects a market in consolidation with a slight bearish tilt in the short term. Price action is contained within a medium range, and momentum is slow, indicating a lack of strong directional conviction. The short-term swing pivot trend is down, supported by both the 5- and 10-week moving averages trending lower. However, the intermediate-term HiLo trend remains up, and the 20- and 55-week moving averages are still in uptrends, suggesting underlying support and a lack of breakdown in the broader structure. Key resistance levels are clustered in the low-to-mid 80s, while support is well-defined in the low 60s. The price is currently near the confluence of several long-term moving averages, reinforcing the neutral stance for the intermediate and long-term outlooks. The chart shows repeated tests and rejections at higher levels, with no clear breakout or breakdown, and the NTZ (neutral trading zone) bias across all timeframes further confirms a market in balance. Volatility has contracted after previous swings, and the market appears to be waiting for a catalyst to resolve the current range.