USO United States Oil Fund LP Weekly Chart Analysis: 2026-Mar-17 07:12 CT

Price Action

• Last: 115.03,
• 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 118.91,
• 4. Pvt. Next: Pvt low 105.37,
• 5. Levels R: 129.62, 118.91,
• 6. Levels S: 94.43, 66.09, 61.73, 60.67, 59.78, 57.83.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 76.33 Up Trend,
• (Intermediate-Term) 10 Week: 74.75 Up Trend,
• (Long-Term) 20 Week: 77.32 Up Trend,
• (Long-Term) 55 Week: 75.93 Up Trend,
• (Long-Term) 100 Week: 73.27 Up Trend,
• (Long-Term) 200 Week: 72.27 Up Trend.

Overall Rating

• Short-Term: Bullish,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

USO has experienced a dramatic breakout, with price surging to 115.03 on large, fast-momentum bars, decisively clearing prior resistance and establishing a new swing high at 118.91. All benchmark moving averages across short, intermediate, and long-term horizons are in strong uptrends, confirming broad-based bullish momentum. The swing pivot structure shows a clear uptrend in both short- and intermediate-term trends, with the next key support at 105.37 and major resistance at 118.91 and 129.62. The price has exited a prolonged consolidation/neutral zone (NTZ) and is now in a strong trending phase, suggesting a shift from range-bound to directional market behavior. This move may reflect a significant change in market sentiment, possibly driven by macro factors or supply-demand shifts in the oil market. Volatility is elevated, and the market is in a trend continuation phase, with higher lows and higher highs dominating the structure.