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

Price Action

Last: 154.08,
Bars: Large,
Mom: fast.

WSFG Weekly

Short-Term
WSFG Current: 77%
F0%/NTZ' Bias: Price Neutral,
WSFG Trend: Neutral.

MSFG Month Jun

Intermediate-Term
MSFG Current: 77%
F0%/NTZ' Bias: Price Neutral,
MSFG Trend: Neutral.

YSFG Year 2026

Long-Term
YSFG Current: 77%
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: 111.08 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 is in a powerful weekly upside expansion with the latest swing pushing to a fresh pivot high at 154.08, well above every benchmark moving average. The price structure shows a steep rally out of the 2026 base, with the prior resistance ladder now acting as the reference zone beneath current price. Weekly momentum is fast and the bars are large, matching a trend-extension phase rather than a broad consolidation. The pivot model remains in UTrend, while the HiLo structure is still neutral, reflecting that the move has accelerated faster than the broader swing sequence has fully normalized. All benchmark averages are stacked in bullish alignment and rising, confirming a strong trend regime across short-, intermediate-, and long-term views. The key technical theme is breakout continuation after a prolonged multi-year range and then a vertical repricing leg, with the recent candle cluster showing strong demand persistence near the top of the yearly fib structure.