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

Price Action

• Last: 142.80,
• 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 very large bullish bar and fast upside momentum, lifting price sharply above all benchmark averages. The swing structure remains firmly in UTrend on both the pivot and HiLo measures, with the latest pivot high at 151.63 confirming the strength of the advance and the next pivot reference now shifting to a lower pullback level at 121.89. The benchmark stack is fully aligned in bullish order, showing a mature but still strongly trending market profile. The yearly session fib structure is being driven well above the NTZ midline, reflecting a decisive long-term upside break from the prior consolidation bands. Overall, the chart shows a trend continuation environment with extreme upside impulse after a prolonged base-and-reversal cycle.