USO United States Oil Fund LP Weekly Chart Analysis: 2026-Mar-10 07:11 CT
Price Action
- Last: 104.33,
- 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: DTrend,
- (Intermediate-Term) 2. HiLo Trend: UTrend,
- 3. Pvt. Evolve: Pvt low 65.99,
- 4. Pvt. Next: Pvt high 109.05,
- 5. Levels R: 122.99, 109.05,
- 6. Levels S: 80.42, 68.97, 66.77, 65.99, 59.78.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 84.04 Up Trend,
- (Intermediate-Term) 10 Week: 77.48 Up Trend,
- (Long-Term) 20 Week: 74.78 Up Trend,
- (Long-Term) 55 Week: 74.12 Up Trend,
- (Long-Term) 100 Week: 73.08 Up Trend,
- (Long-Term) 200 Week: 73.08 Up Trend.
Overall Rating
- Short-Term: Neutral,
- Intermediate-Term: Bullish,
- Long-Term: Bullish.
Key Insights Summary
USO has experienced a dramatic surge, with the last weekly bar showing a large, fast momentum move to the upside, breaking well above all major moving averages. The short-term swing pivot trend remains down, but the intermediate-term HiLo trend has shifted to up, reflecting a strong reversal from recent lows. All benchmark moving averages are in uptrends, confirming a robust bullish structure for both intermediate and long-term perspectives. Resistance is noted at 109.05 and 122.99, while support is layered below at 80.42, 68.97, and 65.99. The price is currently in a potential breakout phase, following a period of consolidation and accumulation within the NTZ zones. This move may be driven by macro factors such as supply shocks, geopolitical events, or seasonal demand, and is characterized by a classic V-shaped recovery pattern. The overall technical landscape suggests a transition from consolidation to a trending environment, with volatility elevated and the potential for further upside if resistance levels are challenged.
Chart Analysis ATS AI Generated: 2026-03-10 07:11 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.