USO United States Oil Fund LP Weekly Chart Analysis: 2026-Feb-23 07:13 CT

Price Action

• Last: 74.07,
• Bars: Large,
• Mom: Momentum fast.

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 81.47,
• 4. Pvt. Next: Pvt Low 65.99,
• 5. Levels R: 92.20, 84.58, 81.47, 77.03, 75.78, 75.13, 74.59, 74.07,
• 6. Levels S: 72.92, 72.12, 66.17, 65.99, 60.75, 59.78, 57.83.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 75.73 Down Trend,
• (Intermediate-Term) 10 Week: 75.32 Down Trend,
• (Long-Term) 20 Week: 72.92 Up Trend,
• (Long-Term) 55 Week: 72.12 Up Trend,
• (Long-Term) 100 Week: 75.15 Down Trend,
• (Long-Term) 200 Week: 74.07 Up Trend.

Overall Rating

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

Key Insights Summary

USO is currently experiencing a strong upward move with fast momentum and large weekly bars, indicating heightened volatility and active participation. The short-term swing pivot trend has shifted to an uptrend, supported by a recent breakout above key resistance levels. However, intermediate-term signals remain bearish, as reflected by the downtrend in both the 5- and 10-week moving averages and the HiLo trend. Long-term benchmarks are mixed, with the 20-, 55-, and 200-week moving averages trending up, while the 100-week remains in a downtrend, resulting in a neutral long-term outlook. Price is currently testing a cluster of resistance levels between 74 and 77, with major resistance at 81.47 and 84.58 above. Support is layered below at 72.92, 72.12, and 65.99. The chart shows a transition from a prolonged consolidation phase to a potential breakout, but the intermediate-term downtrend suggests caution regarding trend sustainability. The overall structure points to a market in transition, with short-term bullish momentum facing intermediate-term headwinds and long-term neutrality.