USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jun-22 07:08 CT

Price Action

• Last: 110.48,
• 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 110.48,
• 4. Pvt. Next: Pvt High 148.00,
• 5. Levels R: 154.08,
• 6. Levels S: 110.48, 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: 94.27 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: Neutral,
• Long-Term: Bullish.

Key Insights Summary

USO shows a sharp weekly reversal from the prior vertical rally, with the latest bar coming off the 148 area and closing near 110.48, which puts price back into a fast countertrend pullback. Short-term structure is under pressure as the pivot trend is DTrend and price is below the 5-day and 10-day benchmarks, while still holding above the rising 20-day, 55-day, 100-day, and 200-day averages. That keeps the intermediate and long-term structure from breaking down, even though the current week reflects a strong retracement and loss of near-term momentum. The pivot map shows a nearby support cluster around 110.48, 110.35, and 106.45, with the prior breakout and surge leaving 148.00 and 154.08 as the upper reference zones. From a futures swing-trader viewpoint, the chart is transitioning from expansion to digestion after an extreme impulse move, with volatility elevated and the dominant longer-term trend still constructive.