USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jul-17 07:08 CT

Price Action

• Last: 120.00,
• 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 Above NTZ,
• YSFG Trend: Bullish.

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 130.46,
• 5. Levels R: 154.08,
• 6. Levels S: 102.42, 94.23, 65.99, 61.75, 60.67.

Weekly Benchmarks

• (Short-Term) 5 Day: 111.69 Down Trend,
• (Short-Term) 10 Day: 124.33 Down Trend,
• (Intermediate-Term) 20 Day: 122.60 Down Trend,
• (Intermediate-Term) 55 Day: 98.75 Up Trend,
• (Long-Term) 100 Day: 83.09 Up Trend,
• (Long-Term) 200 Day: 77.30 Up Trend.

Overall Rating

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

Key Insights Summary

USO remains in a powerful long-term expansion above the 2026 yearly NTZ and above its rising 55-, 100-, and 200-week benchmarks. From a futures swing-trader perspective, the dominant feature is an exceptionally volatile post-spike retracement: price rejected sharply from the 154.08 pivot high, produced a DTrend pivot structure, and is now trading beneath the declining 10- and 20-week benchmarks. The 102.42 pivot low is the immediate structural floor, while 130.46 is the opposing pivot threshold that would define a renewed upside swing sequence. Current action resembles a high-range correction within a broader bullish trend, with fast momentum and large weekly bars reflecting an elevated crude-oil news and volatility cycle.