USO United States Oil Fund LP Daily Chart Analysis: 2026-Jun-03 07:07 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, 108.45, 98.47, 89.11.

Daily Benchmarks

• (Short-Term) 5 Day: 132.68 Up Trend,
• (Short-Term) 10 Day: 139.34 Down Trend,
• (Intermediate-Term) 20 Day: 140.19 Down Trend,
• (Intermediate-Term) 55 Day: 128.45 Up Trend,
• (Long-Term) 100 Day: 108.96 Up Trend,
• (Long-Term) 200 Day: 90.36 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO remains in a broad impulsive uptrend structure with the short-term pivot trend still UTrend and price holding well above the rising 55-, 100-, and 200-day benchmarks. The daily tape is coming off a prior expansion phase and is now working through a retracement from the recent upper swing high near 154.08, with the current trade centered around 138.91 and the nearby pivot support zone at 128.55/128.25 acting as the next major structural reference. The 10-day and 20-day averages are still above price and trending down, reflecting a short-term pullback inside a larger constructive trend, while the 5-day average remains supportive. From a futures swing-trader perspective, the chart shows a trend-continuation backdrop with corrective price action, not a trend failure, and the higher-timeframe structure remains aligned to the upside despite near-term consolidation and mean reversion.