USO United States Oil Fund LP Daily Chart Analysis: 2026-Mar-16 07:11 CT
Price Action
- Last: 119.89,
- 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 124.15,
- 4. Pvt. Next: Pvt Low 108.73,
- 5. Levels R: 124.15,
- 6. Levels S: 108.73, 88.47, 78.13, 75.18, 74.46.
Daily Benchmarks
- (Short-Term) 5 Day: 116.08 Up Trend,
- (Short-Term) 10 Day: 110.92 Up Trend,
- (Intermediate-Term) 20 Day: 89.18 Up Trend,
- (Intermediate-Term) 55 Day: 82.80 Up Trend,
- (Long-Term) 100 Day: 74.67 Up Trend,
- (Long-Term) 200 Day: 74.07 Up Trend.
Additional Metrics
- ATR: 138,
- VOLMA: 2577640.
Overall Rating
- Short-Term: Bullish,
- Intermediate-Term: Bullish,
- Long-Term: Bullish.
Key Insights Summary
USO has experienced a dramatic surge, with price action showing large bars and fast momentum, indicating a strong and aggressive rally. All benchmark moving averages across short, intermediate, and long-term timeframes are in clear uptrends, confirming broad-based strength. Swing pivot analysis shows both short-term and intermediate-term trends are up, with the most recent pivot high at 124.15 and key support at 108.73. The ATR is elevated, reflecting heightened volatility, and volume has surged, supporting the move. The chart suggests a breakout environment, likely driven by a combination of technical momentum and possibly macro or geopolitical catalysts. The structure shows higher highs and higher lows, with no immediate signs of exhaustion or reversal, though the distance from support levels highlights the potential for sharp retracements if sentiment shifts. Overall, the trend is decisively bullish across all timeframes, with strong participation and volatility.
Chart Analysis ATS AI Generated: 2026-03-16 07:11 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.