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

Price Action

• Last: 117.36,
• 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 125.19,
• 4. Pvt. Next: Pvt low 111.41,
• 5. Levels R: 129.69, 128.19,
• 6. Levels S: 94.23, 65.99, 61.09, 60.77, 59.78.

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: 75.33 Up Trend,
• (Long-Term) 100 Week: 74.75 Up Trend,
• (Long-Term) 200 Week: 73.27 Up Trend.

Overall Rating

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

Key Insights Summary

USO has experienced a dramatic breakout, with a large, fast momentum move pushing price sharply higher to 117.36, well above all major moving averages and recent swing highs. The short-term and intermediate-term swing pivot trends are both up, confirming strong bullish sentiment. The next key resistance levels are at 128.19 and 129.69, while support is far below at 94.23 and lower, highlighting the magnitude of the recent move. All benchmark moving averages are in uptrends, reinforcing the strength of the current rally. The price has surged out of a prolonged consolidation within the yearly and monthly NTZ zones, suggesting a significant shift in market structure. This move may reflect a combination of technical breakout dynamics and possible macro or seasonal catalysts, with volatility elevated and a potential for further trend continuation or sharp retracement as the market digests this outsized move.