USO United States Oil Fund LP Weekly Chart Analysis: 2026-Feb-03 07:21 CT

Price Action

• Last: 75.33,
• 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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt high 83.96,
• 4. Pvt. Next: Pvt low 65.99,
• 5. Levels R: 92.20, 84.58, 83.25, 80.85, 78.72, 77.32, 75.78,
• 6. Levels S: 72.90, 71.52, 65.99, 61.75, 60.17, 59.78, 57.83.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 73.07 Up Trend,
• (Intermediate-Term) 10 Week: 72.12 Up Trend,
• (Long-Term) 20 Week: 75.48 Down Trend,
• (Long-Term) 55 Week: 72.90 Up Trend,
• (Long-Term) 100 Week: 74.00 Down Trend,
• (Long-Term) 200 Week: 71.52 Up Trend.

Overall Rating

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

Key Insights Summary

USO is currently trading in a broad consolidation range, with price action showing medium-sized bars and slow momentum, indicating a lack of strong directional conviction. The short-term swing pivot trend is up, but the intermediate-term HiLo trend remains down, reflecting mixed signals and a choppy environment. Price is hovering near key moving averages, with the 5 and 10 week MAs trending up, while the 20 and 100 week MAs are trending down, further supporting a neutral to indecisive market structure. Major resistance levels are clustered between 75.78 and 92.20, while support is layered from 72.90 down to 57.83, suggesting a wide trading band. The neutral bias across the Weekly, Monthly, and Yearly Session Fib Grids, combined with the absence of a clear breakout or breakdown, points to ongoing range-bound conditions. Futures swing traders may observe that the market is in a holding pattern, awaiting a catalyst for a decisive move, with volatility compressing and no clear trend dominance in either direction.