USO United States Oil Fund LP Weekly Chart Analysis: 2026-Feb-17 07:16 CT

Price Action

WSFG Weekly

MSFG Month Feb

YSFG Year 2026

Swing Pivots

Weekly Benchmarks

Overall Rating

Key Insights Summary

The USO weekly chart reflects a market in consolidation, with price action showing medium-sized bars and slow momentum, indicating a lack of strong directional conviction. The short-term and intermediate-term trends, as measured by the WSFG and MSFG, are neutral, with price oscillating within the NTZ (neutral zone) and no clear breakout or breakdown. The swing pivot structure shows an evolving uptrend in the short-term, but the intermediate-term HiLo trend remains down, suggesting a market caught between recovery attempts and persistent resistance. Resistance levels are clustered above at 74.03, 80.85, 83.36, 84.58, and 92.20, while support is layered below at 71.70, 66.75, 65.99, and further down. The next significant pivot is a potential test of the 65.99 low, but the current price is holding above all major moving averages, which are in uptrends across all timeframes, supporting a longer-term bullish bias. Overall, the chart suggests a market in transition, with short- and intermediate-term indecision but underlying long-term strength. The price is consolidating above key moving averages, and the structure hints at a possible base-building phase. Futures swing traders may interpret this as a period to watch for a decisive move out of the current range, with the long-term trend favoring eventual upside continuation if support levels hold and momentum returns.


Chart Analysis ATS AI Generated: 2026-02-17 07:16 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.