USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jun-24 07:08 CT

Price Action

• Last: 110.00,
• 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 110.08,
• 4. Pvt. Next: Pvt High 143.82,
• 5. Levels R: 154.08,
• 6. Levels S: 110.08, 108.45, 94.23, 65.99, 61.75.

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 Down 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 vertical weekly advance into the 154.08 pivot high, followed by a sharp retracement back to the 110 area. The swing structure has rolled into a DTrend on both the pivot and HiLo measures, so the short-term tape is in corrective mode after an extended impulse move. Price is now pressing back toward the 110.08 pivot low support, with the next higher resistance still layered at 143.82 and the major overhead pivot at 154.08. The benchmark stack shows the faster averages still bent lower, while the 100 and 200 day benchmarks remain higher on the longer cycle, reflecting a longer-term constructive trend underneath the current pullback. The broader weekly pattern looks like a completed expansion leg, a test of prior breakout territory, and a transition into consolidation after a fast rally.