USO United States Oil Fund LP Weekly Chart Analysis: 2026-Oct-08 07:12 CT

Price Action

• Last: 143.35,
• 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: 113.86, 102.42, 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: 81.28 Up Trend.

Overall Rating

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

Key Insights Summary

USO remains in a powerful futures-style expansion phase, with price holding well above the rising 10, 20, 55, 100, and 200-week benchmarks. The weekly pivot structure remains upward across both short- and intermediate-term measures, although the latest bar is below the declining 5-week benchmark following rejection from the 163.35 pivot high. This creates a high-volatility pullback/consolidation character inside a broader bullish trend. The 141.73 pivot-next level is the immediate structural reference beneath last price, while 163.35 remains the major upside pivot resistance. The 2026 yearly grid is far below current price, confirming an extended bullish displacement from the prior multi-year balance area.