USO United States Oil Fund LP Weekly Chart Analysis: 2026-Mar-03 07:12 CT

Price Action

• Last: 87.19,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

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

MSFG Month Mar

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

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 87.19,
• 4. Pvt. Next: Pvt low 65.99,
• 5. Levels R: 92.20, 84.58, 83.46,
• 6. Levels S: 65.99, 61.75, 59.78, 57.83.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 77.11 Up Trend,
• (Intermediate-Term) 10 Week: 74.12 Up Trend,
• (Long-Term) 20 Week: 72.94 Up Trend,
• (Long-Term) 55 Week: 73.46 Up Trend,
• (Long-Term) 100 Week: 74.10 Up Trend,
• (Long-Term) 200 Week: 72.26 Up Trend.

Overall Rating

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

Key Insights Summary

USO is exhibiting a strong bullish structure across all timeframes, with the most recent weekly close at 87.19 marking a new swing high. The swing pivot summary confirms an uptrend in both short- and intermediate-term trends, with resistance levels above at 92.20 and 84.58, and support levels well below at 65.99 and 61.75. All benchmark moving averages are trending upward, reinforcing the prevailing bullish momentum. The price is currently trading above all major moving averages, indicating sustained strength. The neutral bias in the session fib grids suggests the market is not overextended, and the recent price action shows a series of higher lows and higher highs, typical of a trending environment. The chart reflects a market that has transitioned from a period of consolidation into a renewed uptrend, with volatility contained within well-defined support and resistance zones. This environment is favorable for swing traders who focus on trend continuation setups, as the technicals support further upside potential unless a significant reversal signal emerges.