USO United States Oil Fund LP Weekly Chart Analysis: 2025-Dec-03 07:19 CT

Price Action

• Last: 70.20,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Dec

• 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 69.16,
• 4. Pvt. Next: Pvt high 73.44,
• 5. Levels R: 92.20, 84.58, 83.36, 73.44, 66.07,
• 6. Levels S: 61.75, 60.67, 59.78, 57.83.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 71.11 Down Trend,
• (Intermediate-Term) 10 Week: 71.48 Down Trend,
• (Long-Term) 20 Week: 72.81 Down Trend,
• (Long-Term) 55 Week: 73.96 Down Trend,
• (Long-Term) 100 Week: 75.43 Down Trend,
• (Long-Term) 200 Week: 72.92 Down Trend.

Overall Rating

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

Key Insights Summary

The USO weekly chart shows a pronounced shift to the downside in the short term, with large, fast-moving bars and a clear downtrend in the most recent swing pivot. All benchmark moving averages from 5-week to 200-week are trending down, reinforcing a bearish long-term technical structure. The intermediate-term HiLo trend remains up, suggesting some underlying support or a lag in the broader trend shift, but the immediate price action and pivot evolution point to continued pressure. Price is currently near a recent swing low (69.16), with the next resistance at 73.44 and major resistance levels much higher, indicating significant overhead supply. Support levels cluster in the high 50s to low 60s, which could act as downside targets if selling persists. The neutral bias in the session fib grids (WSFG, MSFG, YSFG) suggests a lack of clear directional conviction from a broader perspective, but the prevailing momentum and moving average structure favor a bearish outlook for both short- and long-term horizons. The chart reflects a market in a corrective or potentially trend-reversal phase, with volatility elevated and the potential for further downside tests before any sustained recovery.