USO United States Oil Fund LP Daily Chart Analysis: 2026-Jun-02 07:08 CT

Price Action

• Last: 138.91,
• Bars: Medium,
• Mom: Average.

WSFG Weekly

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

MSFG Month Jun

• 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 138.91,
• 4. Pvt. Next: Pvt Low 128.25,
• 5. Levels R: 154.08, 138.91,
• 6. Levels S: 128.55, 110.35, 106.45, 98.47, 89.11.

Daily Benchmarks

• (Short-Term) 5 Day: 133.76 Down Trend,
• (Short-Term) 10 Day: 140.61 Down Trend,
• (Intermediate-Term) 20 Day: 140.58 Down Trend,
• (Intermediate-Term) 55 Day: 128.18 Up Trend,
• (Long-Term) 100 Day: 102.90 Up Trend,
• (Long-Term) 200 Day: 90.04 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 broader uptrend structure, but the latest daily action is tracking below the short-term benchmark cluster and sitting under the most recent swing high zone, which leaves the near-term tone softer than the intermediate and long-term backdrop. The pivot structure still shows an uptrend and higher-level support remains well-defined, with price having already cycled through a strong spring rally, pullback, and recovery sequence. The 55-day and longer benchmarks are rising and continue to frame the dominant trend as constructive, while the current daily position near 138.91 reflects a mature advance that is now working through post-rally digestion, resistance tests, and overlap around the upper session fib area.