USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jan-05 07:19 CT

Price Action

• Last: 68.96,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

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

MSFG Month Jan

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

YSFG Year 2026

• 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 68.96,
• 4. Pvt. Next: Pvt high 73.21,
• 5. Levels R: 92.20, 84.58, 83.26, 73.94, 73.00, 71.69, 66.75, 60.75,
• 6. Levels S: 59.78, 57.83, 51.75, 50.67, 49.67, 47.67, 46.67.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 70.08 Down Trend,
• (Intermediate-Term) 10 Week: 71.68 Down Trend,
• (Long-Term) 20 Week: 71.69 Down Trend,
• (Long-Term) 55 Week: 73.94 Down Trend,
• (Long-Term) 100 Week: 73.00 Down Trend,
• (Long-Term) 200 Week: 75.40 Down Trend.

Overall Rating

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

Key Insights Summary

The USO weekly chart shows a market in a broad consolidation phase, with price action contained within the yearly NTZ (neutral trading zone) for much of the past two years. The most recent swing pivot is a low at 68.96, with the next potential resistance at 73.21. Short-term momentum is slow, and the current bar structure is medium, reflecting a lack of strong directional conviction. All key moving averages (5, 10, 20, 55, 100, 200 week) are trending down, reinforcing a bearish long-term technical backdrop. However, the intermediate-term HiLo trend remains up, suggesting some underlying support and potential for mean reversion or range-bound trading. The price is currently testing lower support levels, with significant resistance overhead. The overall structure points to a market that is in a corrective or consolidative phase, with no clear breakout or breakdown, and volatility has moderated after previous sharp swings. Futures swing traders may interpret this as a market in transition, with the potential for further downside if support fails, but also the possibility of a bounce or range continuation if buyers step in at these lower levels.