USO United States Oil Fund LP Weekly Chart Analysis: 2025-Oct-22 07:19 CT

Price Action

• Last: 68.27,
• 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-1,
• (Intermediate-Term) 2. HiLo Trend: U2-0 UTrend,
• 3. Pvt. Evolve: Pvt low 68.27,
• 4. Pvt. Next: Pvt high 74.14,
• 5. Levels R: 92.20, 83.46, 83.46, 74.14, 70.07,
• 6. Levels S: 66.75, 65.07, 59.78, 57.83, 52.40, 47.87.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 73.76 Down Trend,
• (Intermediate-Term) 10 Week: 72.51 Down Trend,
• (Long-Term) 20 Week: 74.49 Down Trend,
• (Long-Term) 55 Week: 74.14 Down Trend,
• (Long-Term) 100 Week: 73.76 Down Trend,
• (Long-Term) 200 Week: 70.00 Down Trend.

Overall Rating

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

Key Insights Summary

USO is currently exhibiting a slow momentum decline, with the last price at 68.27, sitting near recent swing lows. The short-term swing pivot trend is down, and all key weekly moving averages (5, 10, 20, 55, 100, 200) are trending lower, reinforcing a bearish bias for both short- and long-term perspectives. Intermediate-term swing structure shows an uptrend in the HiLo trend, suggesting some underlying support or potential for a counter-trend bounce, but this is not yet confirmed by price action or moving averages. The price is consolidating within the yearly NTZ, with no clear breakout above resistance or breakdown below support. Major resistance levels are clustered above at 70.07, 74.14, and higher, while support is layered below at 66.75, 65.07, and down to 57.83. The overall environment is one of consolidation within a broader downtrend, with volatility compressing and no clear directional conviction. Futures swing traders may interpret this as a market in a corrective phase, awaiting a catalyst for a new trend leg, with risk of further downside if support levels fail, or a potential mean reversion bounce if intermediate-term support holds.