USO United States Oil Fund LP Daily Chart Analysis: 2026-May-11 07:08 CT

Price Action

• Last: 133.59,
• Bars: Small,
• 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 127.38,
• 4. Pvt. Next: Pvt High 137.04,
• 5. Levels R: 151.63, 149.47,
• 6. Levels S: 127.38, 110.35, 106.45, 98.47, 89.11.

Daily Benchmarks

• (Short-Term) 5 Day: 140.70 Down Trend,
• (Short-Term) 10 Day: 140.79 Down Trend,
• (Intermediate-Term) 20 Day: 133.16 Up Trend,
• (Intermediate-Term) 55 Day: 119.61 Up Trend,
• (Long-Term) 100 Day: 85.20 Up Trend,
• (Long-Term) 200 Day: 85.20 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is in a larger bullish trend structure, but the daily tape is working through a short-term corrective phase after the sharp run into the 149-152 resistance zone. Price at 133.59 sits below the 5 and 10 day benchmarks, leaving the immediate swing tone DTrend, while still holding above the rising 20, 55, 100 and 200 day averages, which keeps the intermediate and long-term structure constructive. The pivot map shows the active downside swing leg has already pressed into the 127.38 support area, with additional layered supports at 110.35, 106.45, 98.47 and 89.11, while overhead resistance remains concentrated at 149.47 and 151.63. This looks like a pullback within a broader uptrend, with recent price action showing fast expansion, retracement, and then consolidation beneath the recent highs rather than a full trend reversal.