USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jun-05 07:08 CT

Price Action

• Last: 135.00,
• 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, 108.45, 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: 111.06 Up Trend,
• (Intermediate-Term) 55 Day: 94.88 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 is in a powerful weekly expansion phase, with price driving sharply above the higher benchmark averages and pressing into the upper part of the yearly range after a major breakout. The pivot structure remains in UTrend, confirming the dominant swing trend, while the latest leg has already established a new high at 154.08 and a new downside reference at 121.89. The moving-average stack is strongly supportive on the medium and longer timeframes, with the 20, 55, 100, and 200-day benchmarks all trending higher beneath price, which keeps the broader structure constructive. The chart shows a clean sequence of higher highs and higher lows after a prolonged base-and-build process through 2023 to 2025, followed by a vertical thrust in 2026 that signals a strong momentum regime.