USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jul-07 07:09 CT

Price Action

• Last: 103.00,
• 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 132.20,
• 5. Levels R: 154.08,
• 6. Levels S: 102.42, 94.23, 65.99, 61.75, 60.67.

Weekly Benchmarks

• (Short-Term) 5 Day: 116.56 Down Trend,
• (Short-Term) 10 Day: 127.74 Down Trend,
• (Intermediate-Term) 20 Day: 121.28 Down Trend,
• (Intermediate-Term) 55 Day: 98.38 Up Trend,
• (Long-Term) 100 Day: 82.76 Up Trend,
• (Long-Term) 200 Day: 77.11 Up Trend.

Overall Rating

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

Key Insights Summary

USO is in a sharp post-spike retracement after a fast run to the 154.08 swing resistance and a swift reversal back toward the 102 area. The short-term structure is bearish with the pivot trend down, the HiLo trend down, and the faster benchmarks (5, 10, and 20 day) all rolling lower. Intermediate structure is more mixed because price is pulling back into the 2026 NTZ/F0 zone while still holding above the rising 55-day benchmark. Long-term trend remains constructive since the 55-, 100-, and 200-day benchmarks are still aligned upward, but the recent outside-range volatility suggests a transition from expansion to consolidation. The chart reflects a completed impulse leg, followed by a deep retracement toward prior swing support at 102.42, with lower supports layered at 94.23 and the mid-60s pivot shelf.