USO United States Oil Fund LP Weekly Chart Analysis: 2026-Mar-13 07:10 CT

Price Action

• Last: 118.39,
• 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: 84.02 Up Trend,
• (Long-Term) 20 Week: 74.78 Up Trend,
• (Long-Term) 55 Week: 74.72 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 price at 118.39 and large, fast momentum bars indicating a significant breakout from prior consolidation. The short-term swing pivot trend is down, but the intermediate-term HiLo trend has shifted up, suggesting a possible reversal or the start of a new uptrend. Major resistance is now at 122.09 and 109.47, with strong support clustered in the mid-60s and below. All benchmark moving averages are trending up, confirming bullish momentum on intermediate and long-term timeframes. The price has decisively broken above the yearly NTZ and all major moving averages, signaling a strong trend continuation. This move may be driven by macro factors such as supply shocks, geopolitical events, or seasonal demand. The chart shows a classic V-shaped recovery and breakout pattern, with the potential for volatility and further upside if resistance is cleared. However, after such a sharp move, some consolidation or retracement could occur before the next leg higher. Overall, the technical structure favors the bulls on intermediate and long-term horizons, while the short-term remains neutral as the market digests recent gains.