USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jul-09 07:08 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 132.58,
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: 98.43 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: Bearish,
Long-Term: Neutral.

Key Insights Summary

USO is in a sharp weekly retracement after a vertical run to the 154.08 pivot high, with the latest candle collapsing back into the 2026 yearly NTZ and sitting on the 102.42 pivot low. Short-term structure is clearly DTrend, with momentum still fast and the recent price action showing failed continuation from the highs and a rapid reversal lower. The 5, 10, and 20 week benchmarks remain above price and are all pointed down, reinforcing the weak near-term tape, while the 55, 100, and 200 week averages still slope higher and frame the broader backdrop as an unfinished longer-cycle uptrend. Pivot structure now reflects a completed high-to-low swing and a possible transition point near 102.42, with the next major reference back at 132.58 and overhead resistance at 154.08. From a futures swing trader perspective, the chart is in a volatile compression/repricing phase after an extended expansion move, with the weekly rhythm dominated by a deep pullback inside a larger bullish secular structure.