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

Price Action

• Last: 133.95,
• Bars: Large,
• Mom: average.

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: DTrend,
• 3. Pvt. Evolve: Pvt Low 132.58,
• 4. Pvt. Next: Pvt High 142.28,
• 5. Levels R: 151.63, 149.47,
• 6. Levels S: 132.56, 110.35, 106.45, 98.47, 89.11.

Daily Benchmarks

• (Short-Term) 5 Day: 146.46 Down Trend,
• (Short-Term) 10 Day: 140.31 Up Trend,
• (Intermediate-Term) 20 Day: 132.29 Up Trend,
• (Intermediate-Term) 55 Day: 118.49 Up Trend,
• (Long-Term) 100 Day: 96.25 Up Trend,
• (Long-Term) 200 Day: 84.61 Up Trend.

Additional Metrics

• ATR: 503,
• VOLMA: 38M.

Overall Rating

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

Key Insights Summary

USO is trading in a strong broader uptrend with a sharp short-term pullback from the recent upper pivot zone. The daily swing structure still shows a bearish short-term pivot turn, but price remains above the 20-day and well above the 55-day, 100-day, and 200-day benchmarks, which keeps the intermediate and long-term structure constructive. The current action looks like a retracement within a larger advance, with the market working off the prior thrust from the April/May highs. The pivot map highlights nearby support around 132.56 and resistance overhead near 149.47 and 151.63, while the monthly fib grid remains centered near the current zone, reflecting a pause after expansion rather than a full trend reversal.