USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jul-06 07:07 CT

Price Action

• Last: 102.42,
• 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 102.42,
• 4. Pvt. Next: Pvt High 134.52,
• 5. Levels R: 154.08,
• 6. Levels S: 102.42, 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: 78.95 Up Trend.

Overall Rating

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

Key Insights Summary

USO is coming off an extreme weekly expansion move from the low-60s into the 150s, followed by a sharp retracement back toward the 102 area. The current weekly candle sits inside a major volatility unwind, with fast downside momentum in the short-term and the pivot structure now in DTrend. Near-term benchmarks are all rolling lower, confirming that the recent surge has transitioned into a corrective phase. At the same time, the broader trend remains constructive because price is still above the 55, 100, and 200-day benchmark cluster, and those longer averages are still aligned in an uptrend. The chart is in a transition state: short-term weakness, intermediate consolidation, and a still-positive long-term structure after a powerful vertical rally and partial retrace.