USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jun-03 07:07 CT

Price Action

• Last: 138.93,
• 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: Neutral,
• 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 Up Trend,
• (Short-Term) 10 Day: 133.00 Up Trend,
• (Intermediate-Term) 20 Day: 111.06 Up Trend,
• (Intermediate-Term) 55 Day: 94.86 Up Trend,
• (Long-Term) 100 Day: 80.83 Up Trend,
• (Long-Term) 200 Day: 76.04 Up Trend.

Overall Rating

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

Key Insights Summary

USO shows an expanded weekly impulse with a very strong momentum burst into the 130s after a steep advance from the low-100s and mid-90s pivot base. The weekly structure remains constructive, with price holding well above the rising 20, 55, 100, and 200-day benchmarks, which keeps the broader tape aligned with the upside trend. The current swing pivot structure reflects a completed push to the 154.08 resistance area, with the next downside pivot map centered near 121.89 and layered support marked at 110.35, 106.45, 94.23, 65.99, and 61.75. The chart context is trend-dominant rather than range-bound, and the most recent move has the feel of a vertical continuation leg following a prolonged base-and-build phase across 2023 to 2025. From a futures swing trader viewpoint, the weekly trend profile is firmly bullish across short, intermediate, and long horizons, with the primary technical theme being strong upside expansion after consolidation.