USO United States Oil Fund LP Weekly 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 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: 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 expansion phase after a prolonged basing and stair-step advance, with the latest thrust producing a large-range breakout to 144.17 and a fresh swing high at 151.63. The pivot structure remains firmly in an uptrend, while the stacked moving averages are all rising and aligned beneath price, confirming broad trend strength across multiple horizons. The chart also shows prior consolidation boxes and repeated higher-low behavior, signaling trend persistence rather than distribution. From a futures swing trader view, the dominant theme is impulsive upside continuation off a mature multi-year base, with volatility expanding sharply and price now operating well above the longer benchmark averages.