USO United States Oil Fund LP Weekly Chart Analysis: 2026-Nov-08 18:10 CT

Price Action

• Last: 147.98,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: 100%
• F0%/NTZ' Bias: Price Bullish,
• WSFG Trend: Bullish.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: 100%
• F0%/NTZ' Bias: Price Bullish,
• MSFG Trend: Bullish.

YSFG Year 2026

• Long-Term
• YSFG Current: 100%
• 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 154.98,
• 5. Levels R: 171.82,
• 6. Levels S: 102.42, 65.99, 60.67, 60.02, 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: 119.49 Up Trend,
• (Long-Term) 100 Day: 94.34 Up Trend,
• (Long-Term) 200 Day: 83.71 Up Trend.

Overall Rating

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

Key Insights Summary

USO remains in a powerful futures-style expansion phase, with price far above the rising 20-, 55-, 100-, and 200-week benchmarks. The intermediate pivot structure remains an UTrend, defined by the major advance from the 102.42 swing low into the 171.82 pivot high. Short-term action is highly volatile after rejection from 171.82, with 147.98 below the 5- and 10-week benchmarks but still above the rising 20-week benchmark at 136.32. The 154.98 pivot level marks the nearby swing reference, while 136.32 and 119.49 define the primary intermediate trend support zone. The broader structure remains a high-momentum breakout trend rather than a mature sideways consolidation.