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

Price Action

• Last: 133.00,
• Bars: Large,
• Mom: Fast.

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 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: 138.93 Down Trend,
• (Short-Term) 10 Day: 133.00 Down Trend,
• (Intermediate-Term) 20 Day: 111.08 Up Trend,
• (Intermediate-Term) 55 Day: 94.86 Up Trend,
• (Long-Term) 100 Day: 80.83 Up Trend,
• (Long-Term) 200 Day: 78.04 Up Trend.

Overall Rating

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

Key Insights Summary

USO shows a powerful weekly breakout phase with a large expansion bar sequence and fast momentum, pushing price well above the prior swing structure and into fresh highs. The swing pivot profile remains in UTrend, with the latest pivot high at 154.08 defining resistance and the most relevant nearby support layered at 110.35, 106.45, and 94.23. Benchmark alignment is strongly constructive across the 20, 55, 100, and 200 day averages, while the very short-term averages have rolled over beneath price after the vertical advance, reflecting a stretched but still dominant uptrend. The broader weekly, monthly, and yearly structure all point to trend continuation behavior rather than consolidation, with the recent rally resembling a breakout from a long base followed by a sharp trend acceleration. From a futures swing trader perspective, the tape is dominated by trend strength, higher highs, and broad bullish participation across timeframes.