USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jul-22 07:09 CT

Price Action

• Last: 128.68,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Jul

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

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Bullish,
• 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 128.68,
• 5. Levels R: 154.08,
• 6. Levels S: 102.42, 94.23, 65.99, 61.75, 60.67.

Weekly Benchmarks

• (Short-Term) 5 Day: 111.40 Up Trend,
• (Short-Term) 10 Day: 123.37 Up Trend,
• (Intermediate-Term) 20 Day: 124.00 Down Trend,
• (Intermediate-Term) 55 Day: 99.65 Up Trend,
• (Long-Term) 100 Day: 83.56 Up Trend,
• (Long-Term) 200 Day: 77.51 Up Trend.

Overall Rating

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

Key Insights Summary

USO reflects an exceptionally volatile crude-oil impulse cycle, with a vertical advance to 154.08 followed by a sharp liquidation swing to the 102.42 pivot low and a rebound toward 128.68. From a futures swing-trader perspective, the short-term pivot structure remains in a DTrend until a confirmed pivot high is established, despite price recovering above the rising 5- and 10-week benchmarks. Intermediate and long-term structure remains constructive because price is well above the rising 55-, 100-, and 200-week averages and above the yearly NTZ. The 124.00 area around the declining 20-week average is a near-term transition zone, while 154.08 is the dominant overhead swing reference and 102.42 is the key retracement low defining the current high-volatility range.