USO United States Oil Fund LP Daily Chart Analysis: 2026-Jun-10 07:09 CT

Price Action

• Last: 128.18,
• 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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt Low 128.18,
• 4. Pvt. Next: Pvt High 137.24,
• 5. Levels R: 154.08, 141.42,
• 6. Levels S: 128.18, 126.55, 110.35, 108.45, 98.47.

Daily Benchmarks

• (Short-Term) 5 Day: 136.61 Down Trend,
• (Short-Term) 10 Day: 134.64 Down Trend,
• (Intermediate-Term) 20 Day: 139.83 Down Trend,
• (Intermediate-Term) 55 Day: 129.79 Up Trend,
• (Long-Term) 100 Day: 100.22 Up Trend,
• (Long-Term) 200 Day: 91.94 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is sitting in a sharp corrective phase after a powerful spring advance into the 150s, with the latest swing structure showing a lower-high/lower-low sequence and a short-term pivot trend still pointing down. Price is pressing into the 128-126 support band, which aligns with the current pivot low and the lower edge of the recent month-session structure, while the 5, 10, and 20 day benchmarks remain below price and are still trending down. The 55 day benchmark is flattening to slightly supportive, but the broader 100 and 200 day averages continue to hold an upward long-term backdrop. From a futures swing perspective, the chart is in a pullback/consolidation transition with elevated volatility, a fast momentum phase, and a market that is testing prior support after a steep rally and retracement cycle.