USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jul-23 07:09 CT

Price Action

• Last: 132.91,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Jul

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

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt high 132.91,
• 4. Pvt. Next: Pvt low 100.51,
• 5. Levels R: 154.08, 132.91,
• 6. Levels S: 102.42, 94.23, 85.99, 61.75, 60.67.

Weekly Benchmarks

• (Short-Term) 5 Day: 111.48 Up Trend,
• (Short-Term) 10 Day: 123.37 Up Trend,
• (Intermediate-Term) 20 Day: 124.80 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: Bullish,
• Intermediate-Term: Neutral,
• Long-Term: Bullish.

Key Insights Summary

USO remains in a high-volatility upside expansion, with price holding decisively above the yearly NTZ/F0% area and all major longer-term benchmarks. The short-term pivot structure is positive, although the intermediate HiLo structure remains DTrend after the sharp retracement from 154.08. Price has rebounded strongly from the 102.42 support pivot and is now testing the 132.91 pivot-high area; 154.08 remains the dominant overhead swing resistance. The 20-week benchmark is still declining while the 5- and 10-week measures are rising, reflecting a fast recovery within a still-unresolved intermediate swing cycle. For a futures swing-trader read, the chart character is directional but exceptionally wide-ranging, with 132.91, 102.42, and 94.23 defining the principal near-term structural reference levels.