USO United States Oil Fund LP Weekly Chart Analysis: 2026-Oct-07 07:11 CT

Price Action

• Last: 145.00,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

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

MSFG Month Oct

• 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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 163.35,
• 4. Pvt. Next: Pvt low 141.73,
• 5. Levels R: 163.35,
• 6. Levels S: 142.42, 94.23, 65.99, 61.75.

Weekly Benchmarks

• (Short-Term) 5 Day: 149.28 Down Trend,
• (Short-Term) 10 Day: 138.45 Up Trend,
• (Intermediate-Term) 20 Day: 130.33 Up Trend,
• (Intermediate-Term) 55 Day: 112.72 Up Trend,
• (Long-Term) 100 Day: 90.74 Up Trend,
• (Long-Term) 200 Day: 81.22 Up Trend.

Overall Rating

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

Key Insights Summary

USO remains in a high-volatility bullish expansion from a futures swing-trader perspective. The weekly pivot and HiLo structures are both advancing, while price remains substantially above the rising 10, 20, 55, 100, and 200-period benchmarks. The latest large-range decline from the 163.35 pivot high places 141.73 to 142.42 at the immediate pullback and pivot-confirmation area. Holding above that area preserves the current higher-high and higher-low structure; movement below it would characterize the recent action as a deeper countertrend retracement. The 149.28 declining 5-period average shows short-term momentum has cooled after the vertical advance, but the broader benchmark alignment and price location far above the yearly F0/NTZ region continue to define an exceptionally strong long-term oil-fund trend.