USO United States Oil Fund LP Weekly 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 119.13,
• 4. Pvt. Next: Pvt low 109.55,
• 5. Levels R: 129.02, 119.13,
• 6. Levels S: 94.43, 65.99, 61.73, 60.76, 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: 73.27 Up Trend,
• (Long-Term) 55 Week: 75.93 Up Trend,
• (Long-Term) 100 Week: 77.12 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 118.84 on large, fast momentum bars, decisively clearing the upper bounds of the prior multi-year consolidation range. All benchmark moving averages across short, intermediate, and long-term horizons are in strong uptrends, confirming broad-based bullish momentum. Swing pivot analysis shows both short-term and intermediate-term trends are up, with the most recent pivot high at 119.13 and next support at 109.55, while resistance is projected at 129.02. The price has left the Neutral Trading Zone (NTZ) far behind, indicating a powerful trend extension. This move likely reflects a combination of technical breakout, possible macro catalysts, and a shift in market sentiment. The chart suggests a transition from a prolonged consolidation to a new bullish phase, with volatility elevated and the potential for further upside as long as the uptrend structure remains intact.