USO United States Oil Fund LP Weekly Chart Analysis: 2026-May-18 07:08 CT

Price Action

• Last: 151.63,
• 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: 129.93 Up Trend,
• (Short-Term) 10 Day: 126.19 Up Trend,
• (Intermediate-Term) 20 Day: 100.56 Up Trend,
• (Intermediate-Term) 55 Day: 89.76 Up Trend,
• (Long-Term) 100 Day: 78.99 Up Trend,
• (Long-Term) 200 Day: 75.08 Up Trend.

Overall Rating

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

Key Insights Summary

USO is in a powerful weekly uptrend with a fast upside impulse into fresh highs near 151.63, showing strong expansion above all benchmark moving averages. The pivot structure remains UTrend on both the short-term and intermediate-term readings, with higher highs and higher lows intact and resistance now defined at the current high. The prior swing support stack at 110.35, 106.45, 94.23, 65.99, and 61.75 marks the major ladder of former breakout and retracement levels beneath price. The weekly, monthly, and yearly Fib-grid context remains constructive, with price positioned far above the neutral zone and reflecting a trend-extension phase rather than consolidation. From a futures swing trader’s perspective, the chart shows a mature but still dominant bullish cycle, driven by momentum expansion, trend alignment, and a steep vertical breakout sequence.