USO United States Oil Fund LP Weekly Chart Analysis: 2026-Nov-03 07:11 CT

Price Action

• Last: 159.14,
• Bars: Medium,
• Mom: Fast.

WSFG Weekly

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

MSFG Month Nov

• 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 171.82,
• 4. Pvt. Next: Pvt low 149.68,
• 5. Levels R: 171.82,
• 6. Levels S: 102.42, 66.99, 60.67, 59.78, 57.83.

Weekly Benchmarks

• (Short-Term) 5 Day: 159.14 Up Trend,
• (Short-Term) 10 Day: 152.44 Up Trend,
• (Intermediate-Term) 20 Day: 136.32 Up Trend,
• (Intermediate-Term) 55 Day: 119.41 Up Trend,
• (Long-Term) 100 Day: 94.34 Up Trend,
• (Long-Term) 200 Day: 83.14 Up Trend.

Overall Rating

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

Key Insights Summary

USO displays a powerful futures-style momentum expansion, with price holding near 159.14 after a steep advance from the yearly F0/NTZ area near the upper-60s to low-70s. The pivot structure remains constructive, with both short-term and intermediate-term trends in UTrend and a sequence of sharply higher highs and higher lows. Price is above every weekly benchmark, and the wide separation above the 20-, 55-, 100-, and 200-period averages confirms broad trend participation. The current swing is approaching the 171.82 pivot-high resistance area, while 149.68 defines the nearest opposite-pivot reference. The move is fast and extended versus the intermediate and long-term averages, reflecting elevated weekly volatility and strong directional momentum rather than a mature sideways consolidation.