USO United States Oil Fund LP Weekly Chart Analysis: 2026-Feb-02 07:23 CT
Price Action
- Last: 73.95,
- Bars: Medium,
- Mom: Momentum slow.
WSFG Weekly
- Short-Term
- WSFG Current: NA%
- F0%/NTZ' Bias: Price Neutral,
- WSFG Trend: Neutral.
MSFG Month Feb
- 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: DTrend,
- 3. Pvt. Evolve: Pvt high 83.36,
- 4. Pvt. Next: Pvt low 65.99,
- 5. Levels R: 92.20, 84.58, 83.36, 80.24, 78.85, 66.75,
- 6. Levels S: 65.99, 61.75, 59.78, 57.83.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 72.11 Down Trend,
- (Intermediate-Term) 10 Week: 72.32 Down Trend,
- (Long-Term) 20 Week: 73.95 Down Trend,
- (Long-Term) 55 Week: 77.87 Down Trend,
- (Long-Term) 100 Week: 75.34 Down Trend,
- (Long-Term) 200 Week: 71.21 Up Trend.
Overall Rating
- Short-Term: Bearish,
- Intermediate-Term: Bearish,
- Long-Term: Neutral.
Key Insights Summary
The USO weekly chart reflects a market in consolidation with a bearish tilt in both short- and intermediate-term timeframes. Price action is contained within the NTZ (neutral zone) of the yearly session fib grid, with the last price at 73.95, and momentum remains slow. Both the short-term and intermediate-term swing pivot trends are down, with the most recent pivot high at 83.36 and the next key support at 65.99. All major moving averages except the 200-week are trending down, reinforcing the prevailing downside bias. Resistance levels are stacked above at 78.85, 80.24, 83.36, 84.58, and 92.20, while support is clustered below at 65.99, 61.75, 59.78, and 57.83. The overall structure suggests a market in a corrective or consolidative phase, with no clear breakout or reversal signal. The long-term trend remains neutral as price oscillates around the 200-week moving average, indicating a lack of strong directional conviction. This environment is characterized by choppy, range-bound price action, with potential for further tests of support if bearish momentum persists.
Chart Analysis ATS AI Generated: 2026-02-02 07:23 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.