USO United States Oil Fund LP Daily Chart Analysis: 2026-May-04 07:08 CT

Price Action

• Last: 131.31,
• 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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt Low 138.80,
• 4. Pvt. Next: Pvt High 148.68,
• 5. Levels R: 151.63,
• 6. Levels S: 138.80, 110.35, 106.45, 98.47, 89.11.

Daily Benchmarks

• (Short-Term) 5 Day: 140.89 Up Trend,
• (Short-Term) 10 Day: 133.42 Up Trend,
• (Intermediate-Term) 20 Day: 131.81 Up Trend,
• (Intermediate-Term) 55 Day: 115.45 Up Trend,
• (Long-Term) 100 Day: 94.02 Up Trend,
• (Long-Term) 200 Day: 83.58 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO shows a strong larger-cycle uptrend with all benchmark moving averages stacked in bullish alignment and rising, while the price structure reflects a powerful rally from the winter base into the April peak. The short-term swing pivot has flipped to DTrend after the recent pullback from the 151.63 resistance area, and current price is below the 20-day benchmark and under the most recent pivot low at 138.80, which keeps the near-term tone weaker. Even so, the intermediate and long-term structure remains constructive because price is still holding above the 55-, 100-, and 200-day benchmarks, with the broader sequence still defined by higher lows, sharp impulsive legs, and retracement swings rather than a full trend failure.