USO United States Oil Fund LP Weekly Chart Analysis: 2026-Oct-16 07:11 CT

Price Action

• Last: 163.35,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Oct

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

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Above NTZ,
• 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 141.83,
• 5. Levels R: 163.35,
• 6. Levels S: 141.83, 102.42, 94.23, 65.99, 61.75.

Weekly Benchmarks

• (Short-Term) 5 Day: 150.52 Down Trend,
• (Short-Term) 10 Day: 140.35 Up Trend,
• (Intermediate-Term) 20 Day: 130.69 Up Trend,
• (Intermediate-Term) 55 Day: 113.98 Up Trend,
• (Long-Term) 100 Day: 91.49 Up Trend,
• (Long-Term) 200 Day: 81.72 Up Trend.

Overall Rating

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

Key Insights Summary

USO reflects an exceptionally strong oil-linked weekly expansion, with price accelerating to a new pivot high at 163.35 and remaining materially above every major benchmark. The swing structure is firmly higher-high/higher-low across both short- and intermediate-term pivot measures. The only short-term countertrend element is the declining 5-period benchmark, indicating that recent price acceleration has outpaced its fastest average; the 10, 20, 55, 100, and 200-period averages remain aligned upward. From a futures swing-trader perspective, the dominant theme is a high-momentum upside breakout with 141.83 defining the nearest structural pivot support and 163.35 the active overhead pivot reference.