USO United States Oil Fund LP Weekly Chart Analysis: 2026-Oct-29 07:11 CT

Price Action

• Last: 169.98,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Oct

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

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 169.98,
• 4. Pvt. Next: Pvt low 148.04,
• 5. Levels R: 169.98,
• 6. Levels S: 113.86, 102.42, 94.23, 65.99, 61.75.

Weekly Benchmarks

• (Short-Term) 5 Day: 155.04 Up Trend,
• (Short-Term) 10 Day: 149.02 Up Trend,
• (Intermediate-Term) 20 Day: 134.15 Up Trend,
• (Intermediate-Term) 55 Day: 117.81 Up Trend,
• (Long-Term) 100 Day: 93.37 Up Trend,
• (Long-Term) 200 Day: 82.71 Up Trend.

Overall Rating

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

Key Insights Summary

USO displays an exceptionally strong weekly expansion phase, with price at 169.98 and materially extended above every benchmark average. The swing-pivot structure remains in synchronized short- and intermediate-term UTrends, characterized by higher highs and higher lows. From a futures swing-trader perspective, the chart reflects a high-momentum directional advance rather than a balanced consolidation; the 148.04 pivot-low reversal level defines the nearest major structural reference, while 113.86 is the first deeper confirmed support. Price is well above the 2026 yearly NTZ and F0% area, confirming a mature upside extension with large weekly ranges and elevated directional volatility.