USO United States Oil Fund LP Daily Chart Analysis: 2026-Jun-12 07:08 CT

Price Action

• Last: 128.7,
• Bars: Medium,
• Mom: average.

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 127.87,
• 4. Pvt. Next: Pvt High 136.33,
• 5. Levels R: 154.08, 141.42,
• 6. Levels S: 127.87, 126.55, 110.35, 108.47, 106.45, 98.47.

Daily Benchmarks

• (Short-Term) 5 Day: 134.1 Down Trend,
• (Short-Term) 10 Day: 134.4 Down Trend,
• (Intermediate-Term) 20 Day: 138.78 Down Trend,
• (Intermediate-Term) 55 Day: 130 Up Trend,
• (Long-Term) 100 Day: 124.47 Up Trend,
• (Long-Term) 200 Day: 92.53 Up Trend.

Additional Metrics

• ATR: 7.88,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is trading in a corrective downswing after failing from the early-June swing high area and is now pressing into the lower part of the recent pivot structure near the 127.87 to 126.55 support zone. The short-term pivot trend and hi/lo trend are both DTrend, with price below the 5, 10, and 20 day benchmarks, which keeps the near-term tape bearish and consistent with a pullback phase rather than an active upside continuation. The 55 day remains rising and the 100 and 200 day benchmarks stay in up trends, so the broader tape still reflects a constructive long-term uptrend even while the intermediate picture is softer. The current structure shows lower highs against established support shelves, with resistance overhead at 136.33, 141.42, and 154.08, while the next meaningful support stack begins at 127.87 and 126.55. ATR is moderate, suggesting a market that can still rotate decisively within the existing swing range, and the recent action resembles a trend retracement with a test of prior breakout levels rather than a clean breakout continuation.