USO United States Oil Fund LP Weekly Chart Analysis: 2026-Mar-08 18:09 CT
Price Action
- Last: 112.69,
- Bars: Large,
- Mom: Momentum fast.
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 112.69,
- 4. Pvt. Next: Pvt low 93.01,
- 5. Levels R: 112.69, 92.20, 84.58, 83.46,
- 6. Levels S: 65.99, 61.67, 59.78, 57.83.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 73.96 Up Trend,
- (Intermediate-Term) 10 Week: 72.94 Up Trend,
- (Long-Term) 20 Week: 74.59 Up Trend,
- (Long-Term) 55 Week: 72.04 Up Trend,
- (Long-Term) 100 Week: 75.49 Up Trend,
- (Long-Term) 200 Week: 72.94 Up Trend.
Overall Rating
- Short-Term: Bullish,
- Intermediate-Term: Bullish,
- Long-Term: Bullish.
Key Insights Summary
USO has experienced a dramatic surge, with the last price spiking to 112.69, well above all recent resistance levels and moving averages. The current weekly bar is large, and momentum is fast, indicating a strong breakout move. All benchmark moving averages across short, intermediate, and long-term horizons are in uptrends, confirming broad-based strength. Both short-term and intermediate-term swing pivot trends are up, with the most recent pivot high aligning with the current price, suggesting a potential exhaustion or climax move. Support levels are far below, highlighting the magnitude of the recent rally. The price has decisively exited the neutral trading zone (NTZ) and is in uncharted territory for this timeframe. This move may reflect a significant news event, supply shock, or macro catalyst. The overall structure suggests a transition from a prolonged consolidation to a powerful trend continuation, with volatility elevated and the potential for sharp retracements or profit-taking in the near term.
Chart Analysis ATS AI Generated: 2026-03-08 18:09 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.