USO United States Oil Fund LP Daily Chart Analysis: 2026-May-06 07:08 CT

Price Action

• Last: 144.17,
• 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 149.47,
• 4. Pvt. Next: Pvt Low 139.67,
• 5. Levels R: 151.63, 149.47,
• 6. Levels S: 138.80, 110.35, 106.45, 98.47, 89.11.

Daily Benchmarks

• (Short-Term) 5 Day: 145.55 Down Trend,
• (Short-Term) 10 Day: 138.72 Up Trend,
• (Intermediate-Term) 20 Day: 131.99 Up Trend,
• (Intermediate-Term) 55 Day: 117.54 Up Trend,
• (Long-Term) 100 Day: 95.50 Up Trend,
• (Long-Term) 200 Day: 84.27 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is in a powerful multi-month uptrend with price holding well above every benchmark moving average from the 10-day through the 200-day, showing a strong layered trend structure. The swing pivot model remains UTrend on both the short-term pivot and the intermediate HiLo trend, while the latest pullback from the 151.63 high has only retraced into the 144 area, keeping price in the upper portion of the ongoing advance. The chart shows a sequence of higher highs and higher lows, with the May session still positioned above the monthly midline zone and the broader move behaving like a sustained trend continuation after a sharp breakout phase. Volume has expanded during the advance and ATR remains elevated, matching the recent large-range expansion and active momentum profile.