USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jun-23 07:08 CT

Price Action

• Last: 110.35,
• 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: Neutral,
• 3. Pvt. Evolve: Pvt Low 110.48,
• 4. Pvt. Next: Pvt High 144.20,
• 5. Levels R: 154.08,
• 6. Levels S: 110.48, 110.35, 106.45, 94.23, 65.99.

Weekly Benchmarks

• (Short-Term) 5 Day: 128.67 Down Trend,
• (Short-Term) 10 Day: 131.64 Down Trend,
• (Intermediate-Term) 20 Day: 118.47 Down Trend,
• (Intermediate-Term) 55 Day: 97.90 Up Trend,
• (Long-Term) 100 Day: 82.16 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 coming off a powerful weekly thrust that reached the 154.08 resistance zone and then reversed sharply into a large downside week, leaving price back near 110.35 and very close to the 110.48 pivot low support. The short-term structure has rolled into a DTrend with the nearby fast moving averages turning down, which reflects a cooling phase after an extended upside run. The intermediate picture is mixed because price is still above the 55-day and longer benchmarks, but it is losing near-term momentum and has not yet rebuilt a clean bullish swing structure. The long-term structure remains constructive, with price still well above the 100-day and 200-day benchmarks and the broader trend base rising underneath the market.