USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jul-21 07:09 CT

Price Action

• Last: 125.49,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

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

MSFG Month Jul

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

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 128.58,
• 5. Levels R: 154.08,
• 6. Levels S: 102.42, 94.23, 65.99, 61.75, 60.67.

Weekly Benchmarks

• (Short-Term) 5 Day: 111.48 Up Trend,
• (Short-Term) 10 Day: 110.44 Up Trend,
• (Intermediate-Term) 20 Day: 124.78 Down Trend,
• (Intermediate-Term) 55 Day: 95.96 Up Trend,
• (Long-Term) 100 Day: 83.56 Up Trend,
• (Long-Term) 200 Day: 77.57 Up Trend.

Overall Rating

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

Key Insights Summary

USO remains in a powerful long-term expansion above the yearly NTZ and well above the rising 55, 100, and 200-period benchmarks. The recent move has been exceptionally volatile, producing a sharp spike toward 154.08 followed by a fast retracement to the active 102.42 pivot-low area. Short-term structure is corrective, with the pivot and HiLo trends both down and price marginally below the declining 20-period benchmark. The 102.42 level is the defining near-term swing reference, while 128.58 is the reversal threshold for a new pivot high. The larger structure remains bullish because the retracement is occurring above the major rising benchmark cluster and far above the 2026 yearly value area.