USO United States Oil Fund LP Weekly Chart Analysis: 2026-May-21 07:09 CT

Price Action

• Last: 154.08,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Bullish,
• WSFG Trend: Bullish.

MSFG Month May

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Bullish,
• MSFG Trend: Bullish.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Bullish,
• YSFG Trend: Bullish.

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 powerful weekly upside expansion, breaking sharply above a multi-year consolidation zone and pressing into fresh highs with fast momentum and unusually large weekly bars. The pivot structure remains in UTrend across both the short-term and intermediate-term, while the benchmark stack is fully aligned upward from the 5-day through the 200-day averages, confirming broad trend strength. Price is trading well above the yearly session fib NTZ/F0 area, showing strong acceptance away from the prior base and leaving the chart in a breakout-and-continuation phase rather than a range-bound state. The dominant technical theme is a vertical trend extension from a long basing structure, with higher highs and higher lows defining the advance and the most recent swing high at 154.08 acting as the current reference point for trend leadership.