USO United States Oil Fund LP Weekly Chart Analysis: 2026-Jul-24 07:09 CT

Price Action

• Last: 142.33,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Jul

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

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt high 142.33,
• 4. Pvt. Next: Pvt low 115.59,
• 5. Levels R: 154.08, 142.33,
• 6. Levels S: 102.42, 94.23, 65.99, 61.75, 60.67.

Weekly Benchmarks

• (Short-Term) 5 Day: 111.46 Up Trend,
• (Short-Term) 10 Day: 112.93 Up Trend,
• (Intermediate-Term) 20 Day: 124.44 Up Trend,
• (Intermediate-Term) 55 Day: 99.65 Up Trend,
• (Long-Term) 100 Day: 83.56 Up Trend,
• (Long-Term) 200 Day: 77.94 Up Trend.

Overall Rating

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

Key Insights Summary

USO displays an exceptionally strong weekly momentum expansion, with price accelerating well above every rising benchmark average and far above the 2026 yearly NTZ. The short-term pivot structure is in an UTrend, although the intermediate HiLo structure remains DTrend following the prior sharp retracement. The current advance has recovered from the 102.42 pivot-low area and is testing the 142.33 pivot-high zone; 154.08 is the next major overhead swing resistance. This is a high-volatility, news-sensitive crude-oil-style price cycle marked by wide weekly ranges, rapid V-shaped reversals, and strong directional momentum.