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

Price Action

• Last: 134.97,
• 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 trend continuation with a sharp vertical expansion above all benchmark moving averages and a clear breakout to new swing highs. The pivot structure remains UTrend, with price pressing into the upper extreme after a rapid impulse leg, which is consistent with a strong momentum phase rather than a balanced range. The weekly and monthly session fib grids are neutral in bias, but the price location far above the mid-band reflects a stretched condition inside an otherwise dominant uptrend. The long-term moving average stack is fully aligned in rising order, reinforcing the bullish backdrop. From a futures swing trader point of view, the chart is showing trend acceleration, strong follow-through, and expanding volatility after a prolonged base-to-breakout cycle.