USO United States Oil Fund LP Daily Chart Analysis: 2026-Jun-04 07:07 CT

Price Action

Last: 141.42,
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: 141.42%
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: DTrend,
3. Pvt. Evolve: Pvt High 141.42,
4. Pvt. Next: Pvt Low 130.68,
5. Levels R: 154.08, 141.42,
6. Levels S: 128.55, 110.35, 106.45, 98.47, 89.11.

Daily Benchmarks

(Short-Term) 5 Day: 132.73 Up Trend,
(Short-Term) 10 Day: 138.14 Down Trend,
(Intermediate-Term) 20 Day: 139.08 Down Trend,
(Intermediate-Term) 55 Day: 128.76 Up Trend,
(Long-Term) 100 Day: 109.68 Up Trend,
(Long-Term) 200 Day: 90.67 Up Trend.

Additional Metrics

ATR: 138,
VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO remains in a larger bullish uptrend structure with the market holding well above the 55, 100, and 200 day benchmarks, while the shorter 10 and 20 day measures remain below price and keep the near-term rhythm mixed. The swing pivot profile shows a current pivot-high phase with resistance overhead at 154.08 and the prior pivot high at 141.42 now acting as a major reference area, while support is layered down through 128.55, 110.35, and 106.45. Price is pressing near the upper end of the June monthly fib zone, suggesting a stretched but still constructive intermediate backdrop, with the daily tape looking more like a consolidation after a strong advance than a clean directional breakout. Volume has cooled from the March expansion phase, and the recent candlesticks reflect a fast momentum environment with alternating impulse and retracement swings typical of an active futures-linked energy ETF.