USO United States Oil Fund LP Weekly Chart Analysis: 2026-Mar-19 07:12 CT
Price Action
- Last: 121.67,
- 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 121.67,
- 4. Pvt. Next: Pvt low 111.07,
- 5. Levels R: 129.87, 122.87,
- 6. Levels S: 94.43, 66.09, 61.75, 60.87, 59.78.
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 the last price surging to 121.67 on a large, fast-momentum weekly bar. 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 current levels and the next significant support at 111.07. Resistance is projected at 122.87 and 129.87, while support levels are well below the current price, indicating a significant move away from prior consolidation. The price has decisively exited the NTZ (neutral zone) and is well above all major moving averages, suggesting a strong trend continuation phase. This move may reflect a combination of technical breakout, possible news-driven volatility, and a shift in market sentiment, with the chart showing a classic V-shaped recovery and breakout from a prolonged range. The overall structure is bullish across all timeframes, with the potential for volatility and further trend extension.
Chart Analysis ATS AI Generated: 2026-03-19 07:12 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.