USO United States Oil Fund LP Weekly Chart Analysis: 2025-Oct-02 07:20 CT

Price Action

Last: 73.14,
Bars: Medium,
Mom: Momentum slow.

WSFG Weekly

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

MSFG Month Oct

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 67.49,
4. Pvt. Next: Pvt high 84.85,
5. Levels R: 92.20, 89.46, 84.58, 75.00,
6. Levels S: 67.49, 61.75, 59.78, 57.83, 45.16.

Weekly Benchmarks

(Intermediate-Term) 5 Week: 73.81 Down Trend,
(Intermediate-Term) 10 Week: 72.22 Down Trend,
(Long-Term) 20 Week: 73.14 Down Trend,
(Long-Term) 55 Week: 75.00 Down Trend,
(Long-Term) 100 Week: 78.95 Down Trend,
(Long-Term) 200 Week: 72.00 Up Trend.

Overall Rating

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

Key Insights Summary

USO is currently trading in a broad consolidation range, with price action showing medium-sized bars and slow momentum, indicating a lack of strong directional conviction. The short-term swing pivot trend is down, but the intermediate-term HiLo trend remains up, suggesting mixed signals and a choppy environment. All major session Fib grid trends (weekly, monthly, yearly) are neutral, and price is oscillating around key moving averages, most of which are in a downtrend except for the 200-week MA, which is slightly up. Resistance levels are clustered above at 75.00, 84.58, 89.46, and 92.20, while support is layered below at 67.49, 61.75, and 59.78. The market appears to be in a holding pattern, with no clear breakout or breakdown, reflecting indecision possibly tied to macroeconomic or seasonal factors. For swing traders, this environment favors range-bound strategies and patience as the market awaits a catalyst for a new trend direction.