USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jul-20 07:09 CT

Price Action

• Last: 124.33,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Above NTZ,
• WSFG Trend: Uptrend.

MSFG Month Jul

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Above NTZ,
• MSFG Trend: Uptrend.

YSFG Year 2026

• Long-Term
• YSFG Current: 177.61%
• F0%/NTZ' Bias: Price Above NTZ,
• YSFG Trend: Uptrend.

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 130.56,
• 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: 122.49 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 long-term expansion above the 55, 100, and 200-week benchmarks and well above the 2026 yearly NTZ, reflecting a major upside repricing in the oil complex. The short-term structure is corrective following rejection from the 154.08 pivot resistance, with the active pivot sequence still classified as a DTrend. Price has rebounded sharply from the 102.42 pivot low and is testing the 10 and 20-week benchmark area near 122.49 to 124.33. The 130.56 next-pivot threshold defines the nearby recovery level, while 102.42 is the principal structural support separating the current retracement from a renewed deeper decline.