USO United States Oil Fund LP Weekly Chart Analysis: 2026-Feb-04 07:21 CT

Price Action

• Last: 77.47,
• Bars: Medium,
• Mom: Momentum average.

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 83.26,
• 4. Pvt. Next: Pvt low 65.99,
• 5. Levels R: 92.20, 84.58, 83.26, 80.84, 78.85, 77.47, 74.10, 72.90,
• 6. Levels S: 72.90, 71.52, 65.99, 57.83.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 72.77 Up Trend,
• (Intermediate-Term) 10 Week: 71.52 Up Trend,
• (Long-Term) 20 Week: 72.90 Up Trend,
• (Long-Term) 55 Week: 74.00 Down Trend,
• (Long-Term) 100 Week: 75.28 Down Trend,
• (Long-Term) 200 Week: 72.26 Up Trend.

Overall Rating

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

Key Insights Summary

USO is currently trading at 77.47, with medium-sized weekly bars and average momentum, reflecting a market in transition. The price is situated within a neutral zone on the weekly, monthly, and yearly session fib grids, indicating a lack of clear directional conviction across all timeframes. Short-term swing pivots show an uptrend, but the intermediate-term HiLo trend remains down, suggesting recent upward movement may be corrective within a broader pullback. Resistance is layered above at 78.85, 80.84, and 83.26, while support is found at 72.90, 71.52, and 65.99, highlighting a well-defined trading range. Benchmark moving averages show short- and intermediate-term uptrends, but longer-term (55 and 100 week) averages are still in downtrends, reinforcing the mixed outlook. The overall structure points to a market consolidating after a period of volatility, with no strong breakout or breakdown signal. Futures swing traders may interpret this as a choppy, range-bound environment, with price action oscillating between support and resistance, awaiting a catalyst for a sustained directional move.