USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jul-01 07:07 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 Jul

• 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 138.07,
• 5. Levels R: 154.08,
• 6. Levels S: 104.07, 94.23, 65.99, 61.75, 60.67.

Weekly Benchmarks

• (Short-Term) 5 Day: 121.58 Down Trend,
• (Short-Term) 10 Day: 130.58 Down Trend,
• (Intermediate-Term) 20 Day: 119.90 Down Trend,
• (Intermediate-Term) 55 Day: 98.17 Up Trend,
• (Long-Term) 100 Day: 82.46 Up Trend,
• (Long-Term) 200 Day: 70.85 Up Trend.

Overall Rating

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

Key Insights Summary

USO shows a very large weekly swing reversal after an accelerated rally into the 154.08 resistance area, followed by a sharp selloff back toward the 104.07 pivot low. The short-term structure is bearish with both 5- and 10-day benchmarks rolling over and the swing pivot trend in DTrend. Intermediate structure is mixed to neutral because price has retraced hard, yet the 55-, 100-, and 200-day benchmarks still slope higher, keeping the broader tape constructive. Long-term trend remains bullish on the back of a well-established rising benchmark stack and the powerful 2026 advance that still dominates the larger cycle. The current location is near the lower edge of the 2026 yearly NTZ/F0 zone and at a key pivot support area, after an outside-range style expansion and retracement sequence that reset momentum from overextended to compressed.