USO United States Oil Fund LP Daily Chart Analysis: 2026-Jun-17 07:08 CT

Price Action

Last: 113.31,
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 113.31,
4. Pvt. Next: Pvt High 121.21,
5. Levels R: 154.08, 141.42,
6. Levels S: 113.31, 110.35, 106.45, 98.47, 89.11.

Daily Benchmarks

(Short-Term) 5 Day: 128.21 Down Trend,
(Short-Term) 10 Day: 132.41 Down Trend,
(Intermediate-Term) 20 Day: 135.87 Down Trend,
(Intermediate-Term) 55 Day: 129.49 Down Trend,
(Long-Term) 100 Day: 110.00 Up Trend,
(Long-Term) 200 Day: 93.28 Up Trend.

Additional Metrics

ATR: 7.92,
VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO remains in a sharp corrective swing after failing from the 154.08 resistance zone and the 141.42 secondary resistance area, with the most recent move pressing into the 113.31 pivot low. The daily structure shows a clear sequence of lower highs and lower lows, keeping the short-term pivot trend and intermediate HiLo trend in DTrend. Price is trading well beneath the 5, 10, 20, and 55 day benchmarks, reinforcing downside momentum, while the longer moving averages are still rising and reflect the broader cyclical uptrend that developed earlier in the year. Volume has cooled from the spring expansion phase, and ATR remains elevated enough to show active daily range expansion, but the recent bars show a selloff leg that is still working through support. The current setup is a bearish retracement inside a larger trending year-to-date advance, with the next notable reaction levels clustered near 110.35, 106.45, 98.47, and 89.11.