USO United States Oil Fund LP Daily Chart Analysis: 2026-Jun-16 07:07 CT

Price Action

Last: 119.02,
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 119.02,
4. Pvt. Next: Pvt High 127.08,
5. Levels R: 154.08, 141.42, 127.08,
6. Levels S: 119.02, 110.35, 106.45, 98.47, 89.11.

Daily Benchmarks

(Short-Term) 5 Day: 131.00 Down Trend,
(Short-Term) 10 Day: 133.84 Down Trend,
(Intermediate-Term) 20 Day: 137.23 Down Trend,
(Intermediate-Term) 55 Day: 129.80 Down Trend,
(Long-Term) 100 Day: 112.90 Up Trend,
(Long-Term) 200 Day: 93.75 Up Trend.

Additional Metrics

ATR: 138,
VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is trading in a corrective daily swing after failing near the upper pivot band and rolling back into a lower pivot sequence. The short-term structure is DTrend with price below the faster benchmarks and sitting near the most recent swing-low pivot at 119.02, which keeps the near-term tone soft and reactive. Intermediate-term momentum is also aligned bearishly because the 20-day and 55-day benchmarks are both trending down and price has lost the prior mid-range support zone. Long-term structure remains constructive, with price still above the 100-day and 200-day benchmarks, so the broader tape reads as a larger uptrend that is currently digesting a sharp retracement. The chart shows a prior impulsive rally, a peak, and then a measured pullback with successive lower highs, while volume has tapered from the earlier expansion phase, suggesting the move is more of a consolidation-and-retrace than a full trend failure.