USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jul-02 07:08 CT

Price Action

• Last: 103.15,
• 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 103.15,
• 4. Pvt. Next: Pvt High 135.21,
• 5. Levels R: 154.08,
• 6. Levels S: 103.15, 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: 76.85 Up Trend.

Overall Rating

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

Key Insights Summary

USO shows a sharp weekly expansion off the 2026 base, with a fast momentum surge into the 150s followed by a steep pullback to 103.15. The short-term swing structure has flipped into DTrend, reflecting a completed pivot high and an active downswing from the recent spike high at 154.08. The weekly price is now back into the prior breakout area and near the lower end of the current yearly session structure, while the longer benchmark averages remain in constructive order beneath price, keeping the larger trend framework positive. This is a classic post-rally retracement sequence with elevated volatility, where the immediate tape is corrective even though the intermediate and long-term backdrop remains supported by rising 55, 100, and 200 day benchmarks.