USO United States Oil Fund LP Weekly Chart Analysis: 2026-May-01 07:08 CT

Price Action

• Last: 147.09,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month May

• 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: UTrend,
• 3. Pvt. Evolve: Pvt High 151.63,
• 4. Pvt. Next: Pvt Low 121.89,
• 5. Levels R: 151.63,
• 6. Levels S: 110.35, 106.45, 94.23, 65.99, 61.75.

Weekly Benchmarks

• (Short-Term) 5 Day: 127.08 Up Trend,
• (Short-Term) 10 Day: 114.83 Up Trend,
• (Intermediate-Term) 20 Day: 93.58 Up Trend,
• (Intermediate-Term) 55 Day: 86.11 Up Trend,
• (Long-Term) 100 Day: 77.70 Up Trend,
• (Long-Term) 200 Day: 74.50 Up Trend.

Overall Rating

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

Key Insights Summary

USO is in a powerful weekly expansion phase with a fast upside thrust to 147.09 after a steep vertical rally from the prior consolidation band. Price is trading well above every benchmark moving average, and the full MA stack remains positively aligned, confirming a strong trend regime across short, intermediate, and long horizons. Swing pivot structure is also constructive, with the current pivot trend and HiLo trend both in UTrend, the most recent major pivot high registered at 151.63, and the next meaningful downside pivot reference at 121.89. The higher-timeframe session grids remain neutral in the template sense, but the tape itself reflects a sharp breakout and continuation profile rather than a rotational or mean-reverting week. From a futures swing trader viewpoint, the structure is dominated by momentum, trend continuation, and extended-range price discovery following a multi-year base and breakout sequence.