USO United States Oil Fund LP Weekly Chart Analysis: 2026-Oct-22 07:10 CT

Price Action

• Last: 159.84,
• 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 141.87,
• 5. Levels R: 163.35,
• 6. Levels S: 138.36, 102.42, 94.23, 65.99, 61.75.

Weekly Benchmarks

• (Short-Term) 5 Day: 151.90 Up Trend,
• (Short-Term) 10 Day: 144.73 Up Trend,
• (Intermediate-Term) 20 Day: 132.33 Up Trend,
• (Intermediate-Term) 55 Day: 115.89 Up Trend,
• (Long-Term) 100 Day: 92.41 Up Trend,
• (Long-Term) 200 Day: 82.20 Up Trend.

Overall Rating

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

Key Insights Summary

USO is in a broad, accelerated weekly expansion phase with price holding well above every rising benchmark and materially above the 2026 yearly NTZ. From a futures swing-trader perspective, the structure remains trend-positive: successive upside legs have produced higher highs and higher lows, while the intermediate HiLo trend and short-term pivot trend both remain in UTrend. The current rally is approaching the 163.35 pivot-high resistance, making this a high-momentum test of the prior extreme. The 141.87 next-pivot threshold defines the nearby structural reversal reference, while 138.36 is the first established swing-support level. The unusually wide weekly bars and steep separation above the moving-average stack reflect elevated crude-linked volatility and a mature, fast directional move rather than a quiet base-building phase.