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

Price Action

• Last: 118.90,
• 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 119.02,
• 4. Pvt. Next: Pvt High 154.24,
• 5. Levels R: 154.08,
• 6. Levels S: 119.02, 110.35, 106.45, 94.23, 65.99.

Weekly Benchmarks

• (Short-Term) 5 Day: 135.34 Down Trend,
• (Short-Term) 10 Day: 132.63 Down Trend,
• (Intermediate-Term) 20 Day: 116.70 Up Trend,
• (Intermediate-Term) 55 Day: 97.27 Up Trend,
• (Long-Term) 100 Day: 81.79 Up Trend,
• (Long-Term) 200 Day: 78.60 Up Trend.

Overall Rating

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

Key Insights Summary

USO shows a very large, fast weekly range with a sharp vertical rally into the 150s followed by an aggressive pullback to the 119 area. The short-term structure has flipped to DTrend, with price back under the 5 and 10 day benchmarks, which fits a near-term corrective phase after an extreme expansion move. Intermediate-term structure remains constructive because price is still above the 20 day benchmark and well above the 55 day, while the longer-term trend base is clearly bullish with the 100 and 200 day averages rising underneath. The pivot map highlights a major resistance cluster near 154 and layered support at 119, 110, 106, and 94, showing a market that has transitioned from breakout acceleration into a high-volatility retracement and consolidation zone after a strong trend extension.