USO United States Oil Fund LP Weekly Chart Analysis: 2026-May-05 07:08 CT

Price Action

• Last: 147.61,
• 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, 108.45, 94.23, 65.99, 61.75.

Weekly Benchmarks

• (Short-Term) 5 Day: 130.8 Up Trend,
• (Short-Term) 10 Day: 121.02 Up Trend,
• (Intermediate-Term) 20 Day: 97.28 Up Trend,
• (Intermediate-Term) 55 Day: 88.13 Up Trend,
• (Long-Term) 100 Day: 78.38 Up Trend,
• (Long-Term) 200 Day: 74.8 Up Trend.

Overall Rating

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

Key Insights Summary

USO is in a powerful weekly upside expansion with a fast momentum burst and a large range bar pushing price to 147.61, near the top of the recent range and just below the 151.63 swing-high resistance. The swing pivot structure remains firmly in UTrend across both short and intermediate terms, while the benchmark moving averages are aligned in a clean bullish stack from the 5-day through the 200-day. The chart reflects a sharp breakout from the 2026 base after a long consolidation band, turning the prior year’s mid-range chop into a strong trend continuation phase. From a futures swing trader viewpoint, the dominant theme is directional strength, higher highs, and higher lows, with the current move showing continuation rather than mean reversion.