USO United States Oil Fund LP Weekly Chart Analysis: 2026-May-20 07:07 CT

Price Action

• Last: 154.08,
• 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 154.08,
• 4. Pvt. Next: Pvt Low 121.89,
• 5. Levels R: 154.08,
• 6. Levels S: 110.35, 106.45, 94.23, 65.99, 61.75.

Weekly Benchmarks

• (Short-Term) 5 Day: 134.61 Up Trend,
• (Short-Term) 10 Day: 130.13 Up Trend,
• (Intermediate-Term) 20 Day: 104.55 Up Trend,
• (Intermediate-Term) 55 Day: 91.84 Up Trend,
• (Long-Term) 100 Day: 79.71 Up Trend,
• (Long-Term) 200 Day: 75.45 Up Trend.

Overall Rating

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

Key Insights Summary

USO is in a strong weekly breakout state with a fast upside impulse to new highs near 154.08, showing decisive trend acceleration and large weekly bars. The pivot structure is firmly UTrend, and the HiLo trend remains aligned to the upside, confirming persistent higher highs and higher lows across the swing framework. All benchmark averages from 5-day through 200-day are rising, with price holding well above the major trend stack, which reflects broad-based trend confirmation across short, intermediate, and long horizons. The move has expanded far beyond the prior consolidation zones, signaling a transition from range-like behavior into vertical trend expansion. The current structure is dominated by momentum continuation rather than mean reversion, with prior resistance levels now acted through and the next pivot reference projecting lower at 121.89 only as a structural reversal marker.