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

Price Action

• Last: 68.55,
• 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 68.55,
• 4. Pvt. Next: Pvt high 72.98,
• 5. Levels R: 102.84, 92.20, 84.58, 83.26, 72.98, 71.75, 71.50,
• 6. Levels S: 59.78, 57.83, 57.08, 56.67.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 72.34 Down Trend,
• (Intermediate-Term) 10 Week: 71.50 Down Trend,
• (Long-Term) 20 Week: 72.95 Down Trend,
• (Long-Term) 55 Week: 73.96 Down Trend,
• (Long-Term) 100 Week: 71.75 Down Trend,
• (Long-Term) 200 Week: 76.03 Down Trend.

Overall Rating

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

Key Insights Summary

USO is currently exhibiting a slow momentum decline, with price action consolidating near recent swing lows. The short-term trend is bearish, as indicated by the downward swing pivot and all key weekly moving averages trending lower. Intermediate-term structure remains neutral, supported by an uptrend in the HiLo swing metric, but this is countered by the prevailing downtrend in benchmarks. Long-term signals are bearish, with price trading below all major moving averages and the yearly session grid showing no directional bias. The market has been range-bound within the NTZ for much of the past year, with repeated tests and rejections at resistance levels near 72.98 and 71.75, and support holding in the 59.78–57.08 zone. Volatility has contracted, and the absence of a clear breakout or breakdown suggests a choppy environment, with the potential for further downside if support levels are breached. No strong bullish catalysts are present, and the technical landscape favors a cautious approach as the market awaits a decisive move out of the current consolidation range.