USO United States Oil Fund LP Weekly Chart Analysis: 2026-May-22 07:08 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 powerful weekly expansion phase with a sharp upside breakout that has driven price far above all benchmark moving averages and through the prior swing resistance structure. The pivot sequence is still in an uptrend, with the latest swing high posted at 154.08 and the next meaningful downside pivot reference sitting much lower at 121.89, showing an extended trend leg rather than a balanced range. The benchmark stack is fully aligned higher from 5-day through 200-day, confirming broad trend support across timeframes. The session fib structure appears secondary to the momentum surge, with price holding well above prior consolidation zones and the larger weekly bar range reflecting strong directional impulse. From a futures swing trader viewpoint, the chart is dominant trend continuation behavior with overextended price discovery, persistent higher highs, and strong trend persistence across short, intermediate, and long-term measures.