USO United States Oil Fund LP Weekly 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: DTrend,
(Intermediate-Term) 2. HiLo Trend: UTrend,
3. Pvt. Evolve: Pvt low 73.08,
4. Pvt. Next: Pvt high 109.47,
5. Levels R: 119.92, 109.47,
6. Levels S: 73.08, 65.99, 61.77, 60.78, 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: 73.71 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 119.89 and large, fast momentum bars indicating a strong breakout move. Despite the neutral bias from the session fib grids, the swing pivot structure shows a recent transition from a downtrend (short-term) to an uptrend (intermediate-term), with the next significant resistance at 119.92 and support levels clustered much lower, starting at 73.08. All benchmark moving averages across timeframes are in strong uptrends, confirming broad-based bullish momentum. This move appears to be a breakout from a prolonged consolidation phase, with price vaulting above previous resistance and leaving behind a wide gap to the next support. The technical landscape suggests a shift from a choppy, range-bound market to a trending environment, likely driven by a significant catalyst or news event. The overall structure is bullish across all timeframes, with the potential for volatility and further trend continuation as price explores new highs.