USO United States Oil Fund LP Weekly Chart Analysis: 2026-Mar-09 07:13 CT

Price Action

• Last: 108.77,
• 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 108.89,
• 4. Pvt. Next: Pvt low 59.13,
• 5. Levels R: 120.82, 110.84, 108.89, 98.98,
• 6. Levels S: 61.09, 61.07, 59.78, 57.83.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 74.44 Up Trend,
• (Intermediate-Term) 10 Week: 72.74 Up Trend,
• (Long-Term) 20 Week: 74.10 Up Trend,
• (Long-Term) 55 Week: 72.94 Up Trend,
• (Long-Term) 100 Week: 74.71 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 latest weekly bar showing a large, fast momentum move to new highs at 108.77. All benchmark moving averages across short, intermediate, and long-term horizons are in uptrends, confirming broad-based strength. Swing pivot analysis shows both short-term and intermediate-term trends are up, with the most recent pivot evolving to a new high and the next significant pivot low far below current price, indicating a strong upward extension. Resistance levels are now well above prior ranges, while support is clustered much lower, reflecting the magnitude of the breakout. The price has decisively exited a prolonged consolidation zone, suggesting a major shift in market structure. This move may be driven by a combination of technical breakout dynamics and possible macro or seasonal catalysts. The overall environment is bullish across all timeframes, with volatility elevated and the potential for continued trend extension or sharp retracements as the market digests this outsized move.