USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jan-06 07:21 CT

Price Action

• Last: 70.22,
• 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 66.75,
• 4. Pvt. Next: Pvt high 75.23,
• 5. Levels R: 92.20, 84.58, 83.26, 75.23, 72.95, 72.34,
• 6. Levels S: 66.75, 64.67, 60.75, 59.78, 57.83.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 71.5 Down Trend,
• (Intermediate-Term) 10 Week: 71.8 Down Trend,
• (Long-Term) 20 Week: 73.96 Down Trend,
• (Long-Term) 55 Week: 72.95 Down Trend,
• (Long-Term) 100 Week: 75.34 Down Trend,
• (Long-Term) 200 Week: 72.96 Down Trend.

Overall Rating

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

Key Insights Summary

The USO weekly chart reflects a market in a broad consolidation phase, with price action oscillating within a defined range for much of the past two years. The most recent swing pivot shows a downward trend in the short term, with the last price closing just above a key support cluster near 66.75. Momentum is slow, and the medium-sized bars indicate a lack of strong directional conviction. All major moving averages (5, 10, 20, 55, 100, 200 week) are trending down, reinforcing a bearish long-term structure. However, the intermediate-term HiLo trend remains up, suggesting that while the broader structure is weak, there is still some underlying support preventing a full breakdown. Resistance levels are stacked above, with significant hurdles at 72.95, 75.23, and higher, while support is layered below at 66.75 and 64.67. The neutral bias in the session fib grids (weekly, monthly, yearly) and the lack of a clear breakout or breakdown signal a market in transition, with potential for further range-bound action or a test of lower supports if selling resumes. Overall, the chart suggests a cautious stance, with bearish pressure dominating but not yet resulting in a decisive trend move.