USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jun-29 07:08 CT

Price Action

• Last: 104.07,
• 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 104.07,
• 4. Pvt. Next: Pvt high 138.05,
• 5. Levels R: 154.08,
• 6. Levels S: 104.07, 94.23, 65.99, 61.75, 60.67.

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: 95.79 Up Trend,
• (Long-Term) 100 Day: 82.16 Up Trend,
• (Long-Term) 200 Day: 70.80 Up Trend.

Overall Rating

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

Key Insights Summary

USO is in a sharp weekly pullback after a powerful vertical advance to the 154.08 resistance zone, with price now rotating back to the 104.07 pivot low area. The short-term swing structure has turned DTrend, and the fast momentum bar size reflects a volatile retracement phase rather than a quiet consolidation. Weekly and monthly fib context remain neutral inside the NTZ framework, but the recent breakdown from the highs shows clear loss of short-term structure. Benchmark alignment is split: the 5, 10, and 20 day averages are below price and pointed down, while the 55, 100, and 200 day averages remain in uptrends, keeping the broader tape structurally constructive despite the recent selloff. The chart still carries a larger bullish background from the multi-month base and breakout sequence, but the current weekly action is dominated by a steep countertrend decline and pivot deterioration.