USO United States Oil Fund LP Daily Chart Analysis: 2026-Mar-18 07:12 CT

Price Action

• Last: 118.84,
• 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 121.19,
• 4. Pvt. Next: Pvt low 108.73,
• 5. Levels R: 121.15, 118.47,
• 6. Levels S: 88.17, 78.13, 76.08, 74.77.

Daily Benchmarks

• (Short-Term) 5 Day: 113.44 Up Trend,
• (Short-Term) 10 Day: 105.94 Up Trend,
• (Intermediate-Term) 20 Day: 93.29 Up Trend,
• (Intermediate-Term) 55 Day: 85.23 Up Trend,
• (Long-Term) 100 Day: 75.17 Up Trend,
• (Long-Term) 200 Day: 75.17 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2,577,640.

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 strong buying interest and a potential breakout environment. All benchmark moving averages across short, intermediate, and long-term horizons are in solid uptrends, confirming broad-based strength. Swing pivot analysis shows the current trend is up, with the most recent pivot high at 121.19 and next potential support at 108.73, suggesting the market is in a strong impulsive phase with higher highs and higher lows. Resistance is clustered near recent highs, while support levels are well below, reflecting the magnitude of the recent move. ATR and volume metrics confirm heightened volatility and participation. The overall technical structure is bullish across all timeframes, with no immediate signs of exhaustion or reversal, though the rapid ascent may eventually invite consolidation or a pullback. For swing traders, the environment is characterized by trend continuation, strong momentum, and breakout dynamics, with the potential for volatility-driven retracements as the market digests recent gains.