USO United States Oil Fund LP Weekly Chart Analysis: 2025-Nov-21 07:22 CT

Price Action

• Last: 70.15,
• 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 68.98,
• 4. Pvt. Next: Pvt High 74.34,
• 5. Levels R: 120.49, 110.56, 106.58, 92.20, 84.58, 83.26, 74.34, 73.91, 72.83,
• 6. Levels S: 68.98, 61.75, 60.67, 59.78, 57.83.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 73.91 Down Trend,
• (Intermediate-Term) 10 Week: 72.83 Down Trend,
• (Long-Term) 20 Week: 73.91 Down Trend,
• (Long-Term) 55 Week: 72.83 Down Trend,
• (Long-Term) 100 Week: 73.91 Down Trend,
• (Long-Term) 200 Week: 59.78 Up Trend.

Overall Rating

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

Key Insights Summary

USO is currently trading at 70.15, with medium-sized weekly bars and slow momentum, indicating a lack of strong directional conviction. The short-term swing pivot trend is down, while the intermediate-term HiLo trend remains up, suggesting a mixed environment with recent weakness but underlying support from prior higher lows. Price is consolidating within the yearly session fib grid’s neutral zone, and all major weekly moving averages (5, 10, 20, 55, 100) are trending down except for the 200-week, which is still up, highlighting a longer-term base but persistent intermediate-term pressure. Resistance is clustered in the low-to-mid 70s and 80s, while support is found at 68.98 and lower at 61.75 and 59.78. The overall structure points to a market in consolidation after a recent pullback, with no clear breakout or breakdown, and a bias toward range-bound trading until a decisive move occurs. Volatility remains moderate, and the technical landscape suggests swing traders should expect continued choppiness and respect both support and resistance levels as the market digests prior moves.