USO United States Oil Fund LP Weekly Chart Analysis: 2026-Mar-12 07:11 CT

Price Action

• Last: 108.05,
• 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 109.47,
• 5. Levels R: 122.09, 109.47,
• 6. Levels S: 65.99, 61.78, 60.77, 59.78, 50.78.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 84.04 Up Trend,
• (Intermediate-Term) 10 Week: 74.78 Up Trend,
• (Long-Term) 20 Week: 74.78 Up Trend,
• (Long-Term) 55 Week: 77.12 Up Trend,
• (Long-Term) 100 Week: 73.08 Up Trend,
• (Long-Term) 200 Week: 73.08 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 at 108.05 and a fast momentum breakout, evidenced by a large bullish weekly bar. All benchmark moving averages across timeframes are in strong uptrends, confirming broad-based strength. The most recent swing pivot action shows a transition from a significant low (65.99) to a new high (109.47), with resistance at 122.09 and support levels clustered in the mid-60s. The short-term swing pivot trend is still labeled as down, but the intermediate-term HiLo trend has shifted up, reflecting a major reversal and breakout from a prolonged consolidation. The price has decisively exited the NTZ (neutral zone) and is now in a clear trending phase, likely driven by a combination of technical breakout and possible macro catalysts. Volatility is elevated, and the chart structure suggests a V-shaped recovery with potential for further upside, though the distance from support implies increased risk of sharp pullbacks. The overall technical landscape is bullish across all timeframes, with the current move representing a significant trend continuation after a long period of range-bound action.