USO United States Oil Fund LP Daily Chart Analysis: 2026-Mar-20 07:11 CT

Price Action

• Last: 124.19,
• 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 124.19,
• 4. Pvt. Next: Pvt Low 109.33,
• 5. Levels R: 124.19, 121.15, 109.33,
• 6. Levels S: 97.56, 88.47, 87.69, 78.13, 75.71, 67.69.

Daily Benchmarks

• (Short-Term) 5 Day: 118.78 Up Trend,
• (Short-Term) 10 Day: 111.74 Up Trend,
• (Intermediate-Term) 20 Day: 97.56 Up Trend,
• (Intermediate-Term) 55 Day: 77.15 Up Trend,
• (Long-Term) 100 Day: 75.70 Up Trend,
• (Long-Term) 200 Day: 75.71 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

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, fast momentum bars and a clear uptrend across all benchmark moving averages. The swing pivot structure confirms a strong bullish trend, with the most recent pivot high at 124.19 and the next potential support pivot at 109.33. All major resistance levels have been surpassed, and support levels are well below current price, indicating a significant breakout and possible trend extension. Volume has spiked alongside price, confirming strong participation in the move. The ATR is elevated, reflecting increased volatility. The overall technical structure is bullish across short, intermediate, and long-term horizons, with no immediate signs of reversal or exhaustion. The market appears to be in a powerful trend phase, likely driven by a combination of technical breakout, possible macro news, and momentum buying.