USO United States Oil Fund LP Weekly Chart Analysis: 2025-Nov-24 07:21 CT

Price Action

Last: 69.30,
Bars: Large,
Mom: Momentum fast.

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 69.30,
4. Pvt. Next: Pvt high 73.44,
5. Levels R: 92.20, 84.58, 83.85, 73.44,
6. Levels S: 69.30, 61.75, 60.75, 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: 72.00 Down Trend,
(Long-Term) 55 Week: 72.00 Down Trend,
(Long-Term) 100 Week: 73.91 Down Trend,
(Long-Term) 200 Week: 72.83 Down Trend.

Overall Rating

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

Key Insights Summary

USO is currently experiencing strong downward momentum, as evidenced by large weekly bars and a fast-moving price decline. The short-term swing pivot trend is down, with the most recent pivot low at 69.30, which also acts as immediate support. Intermediate-term HiLo trend remains up, suggesting some underlying resilience, but this is countered by all major moving averages trending down, reinforcing a bearish long-term outlook. Resistance levels are clustered well above current price, with the nearest at 73.44, while multiple support levels lie below, indicating potential for further volatility. The price is trading within the neutral zone of the yearly and monthly session fib grids, reflecting a lack of clear directional bias from a broader perspective. Overall, the chart suggests a market in a corrective or retracement phase within a larger bearish structure, with the potential for further downside unless a significant reversal develops at key support levels.