USO United States Oil Fund LP Daily Chart Analysis: 2026-Jun-23 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 118.52,
• 5. Levels R: 154.08, 141.42,
• 6. Levels S: 110.48, 110.35, 106.45, 98.47, 89.11.

Daily Benchmarks

• (Short-Term) 5 Day: 118.24 Down Trend,
• (Short-Term) 10 Day: 125.38 Down Trend,
• (Intermediate-Term) 20 Day: 130.78 Down Trend,
• (Intermediate-Term) 55 Day: 127.98 Down Trend,
• (Long-Term) 100 Day: 106.31 Up Trend,
• (Long-Term) 200 Day: 93.87 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is in a broad corrective swing after a strong spring rally and subsequent rollover from the upper pivot band near 154.08. Price is pressing into the lower swing structure around 110.48, with the short-term pivot trend and hi/lo trend both aligned to the downside. Daily benchmarks are stacked bearishly in the short and intermediate horizon, while the 100-day and 200-day remain above the long-term structure and keep the larger backdrop from turning fully weak. The chart shows repeated impulse-and-retracement waves, with recent lower highs and lower lows dominating the tape. Volume has normalized from the spring expansion, and the current ATR profile reflects active daily movement with persistent two-way swings. The pattern reads as a pullback phase with consolidation pressure near support, after prior trend exhaustion and rejection from the June upper band area.