USO United States Oil Fund LP Weekly Chart Analysis: 2026-Oct-31 07:09 CT

Price Action

• Last: 171.82,
• Bars: Medium,
• Mom: fast.

WSFG Weekly

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

MSFG Month Oct

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

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 171.82,
• 4. Pvt. Next: Pvt low 149.68,
• 5. Levels R: 171.82,
• 6. Levels S: 141.38, 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 futures-swing structure, with price extending to a new pivot high at 171.82 while every benchmark average is rising and materially below price. The pivot sequence remains defined by higher highs and higher lows, and 149.68 is the next short-term pivot reversal reference. The advance is fast and extended above the yearly NTZ/F0 region, reflecting persistent upside momentum rather than consolidation. The large separation from the 20-, 55-, 100-, and 200-period benchmarks characterizes a powerful long-cycle trend, while also showing elevated trend acceleration and weekly volatility. The nearest structural support is 141.38, followed by the much deeper 102.42 and 94.23 pivot supports.