USO United States Oil Fund LP Daily Chart Analysis: 2026-May-22 07:08 CT

Price Action

• Last: 140.23,
• Bars: Medium,
• 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: UTrend,
• 3. Pvt. Evolve: Pvt Low 140.23,
• 4. Pvt. Next: Pvt High 149.59,
• 5. Levels R: 154.08,
• 6. Levels S: 140.23, 127.38, 110.35, 106.45, 98.47.

Daily Benchmarks

• (Short-Term) 5 Day: 147.55 Down Trend,
• (Short-Term) 10 Day: 143.13 Up Trend,
• (Intermediate-Term) 20 Day: 141.95 Up Trend,
• (Intermediate-Term) 55 Day: 126.54 Up Trend,
• (Long-Term) 100 Day: 88.2 Up Trend,
• (Long-Term) 200 Day: 72.0 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO remains in a larger bullish swing structure after the sharp spring advance, but the latest daily action is a pullback from the 154.08 resistance area into the 140.23 pivot low zone. The short-term pivot trend is down, reflecting the retreat from the recent high and the loss of near-term momentum, while the intermediate pivot structure still reads constructive with a higher-timeframe uptrend intact. Price is holding above the 20-day and 55-day benchmarks, which keeps the intermediate trend supported, even as the fast 5-day average rolls lower. The May monthly NTZ area is acting like a congestion band after the run-up, so the tape currently looks like a pause within a broader trend rather than a full trend break. Longer-term benchmarks remain firmly higher, confirming that the dominant backdrop is still bullish despite the recent lower high and retracement from the peak.