USO United States Oil Fund LP Weekly 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 148.73,
• 5. Levels R: 154.08,
• 6. Levels S: 113.31, 110.35, 106.45, 94.23, 65.99, 61.75.

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: 95.27 Up Trend,
• (Long-Term) 100 Day: 81.79 Up Trend,
• (Long-Term) 200 Day: 76.80 Up Trend.

Overall Rating

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

Key Insights Summary

USO is showing a very large weekly reversal sequence after a powerful vertical rally into the 148-154 area, followed by a sharp pullback to the 113 area. The short-term structure is bearish with the current pivot in DTrend and price below the short-term benchmarks, while the intermediate and long-term moving averages remain in constructive uptrend alignment, reflecting that the broader trend is still positive despite the recent selloff. The weekly session, monthly session, and yearly fib grids are all reading neutral at the current location, which fits a market that has retraced from an extended move and is now digesting gains rather than trending cleanly. The dominant technical theme is a fast counter-trend reset inside a still-bullish larger cycle, with the 113.31 area acting as the immediate pivot reference and the 148.73 to 154.08 zone defining the prior swing high supply region.