USO United States Oil Fund LP Weekly Chart Analysis: 2025-Oct-23 07:22 CT

Price Action

• Last: 70.63,
• Bars: Large,
• Mom: Momentum fast.

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 70.63,
• 4. Pvt. Next: Pvt high 83.46,
• 5. Levels R: 92.20, 84.58, 83.46,
• 6. Levels S: 66.75, 60.67, 59.78, 57.83.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 74.48 Down Trend,
• (Intermediate-Term) 10 Week: 73.76 Down Trend,
• (Long-Term) 20 Week: 73.61 Down Trend,
• (Long-Term) 55 Week: 72.51 Up Trend,
• (Long-Term) 100 Week: 73.96 Down Trend,
• (Long-Term) 200 Week: 71.00 Up Trend.

Overall Rating

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

Key Insights Summary

USO is currently experiencing a sharp move lower, with the most recent weekly bar showing a large, fast momentum decline to 70.63. The short-term swing pivot trend is down, confirming the recent bearish action, while the intermediate-term HiLo trend remains up, suggesting underlying support from previous higher lows. Price is trading below all key short- and intermediate-term moving averages, which are in downtrends, reinforcing short-term weakness. However, the 55- and 200-week long-term moving averages are still in uptrends, indicating that the broader structure has not fully broken down. Major resistance levels are clustered at 83.46, 84.58, and 92.20, while support is layered at 66.75, 60.67, 59.78, and 57.83. The price is currently within the yearly NTZ, with all session fib grid trends neutral, reflecting a consolidation phase on the higher timeframes. The overall environment is choppy, with a recent downside break but no clear long-term directional conviction, suggesting a market in transition between trend phases. Swing traders should note the potential for further volatility and range expansion as the market tests key support and resistance levels.