USO United States Oil Fund LP Weekly Chart Analysis: 2025-Nov-04 07:22 CT

Price Action

Last: 73.82,
Bars: Medium,
Mom: Momentum slow.

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

Weekly Benchmarks

(Intermediate-Term) 5 Week: 72.74 Down Trend,
(Intermediate-Term) 10 Week: 72.74 Down Trend,
(Long-Term) 20 Week: 73.82 Down Trend,
(Long-Term) 55 Week: 77.24 Down Trend,
(Long-Term) 100 Week: 76.39 Down Trend,
(Long-Term) 200 Week: 66.07 Up Trend.

Overall Rating

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

Key Insights Summary

The USO weekly chart reflects a market in consolidation, with price action contained within a broad neutral zone as indicated by the NTZ and F0% levels across all session fib grids. The most recent swing pivot trend is down in the short term, but the intermediate-term HiLo trend remains up, suggesting a tug-of-war between recent selling pressure and a broader base-building process. Price is currently hovering near the 20-week and 10-week moving averages, both trending down, while the 200-week MA remains in an uptrend, highlighting a longer-term underlying support. Resistance is layered above at 83.46, 84.58, and 92.20, while support is established at 66.75 and below. The slow momentum and medium-sized bars reinforce the view of a choppy, range-bound environment, with no clear directional conviction. This setup is typical of a market awaiting a catalyst, with swing traders likely to focus on mean reversion and range strategies until a decisive breakout or breakdown occurs.