USO United States Oil Fund LP Daily Chart Analysis: 2026-Mar-23 07:11 CT

Price Action

• Last: 121.43,
• 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 121.43,
• 4. Pvt. Next: Pvt low 109.33,
• 5. Levels R: 121.15, 118.47, 108.13, 78.13, 76.13,
• 6. Levels S: 99.37, 88.75, 77.59, 75.94.

Daily Benchmarks

• (Short-Term) 5 Day: 118.56 Up Trend,
• (Short-Term) 10 Day: 113.22 Up Trend,
• (Intermediate-Term) 20 Day: 99.37 Up Trend,
• (Intermediate-Term) 55 Day: 88.75 Up Trend,
• (Long-Term) 100 Day: 77.59 Up Trend,
• (Long-Term) 200 Day: 75.94 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is exhibiting a strong bullish trend across all timeframes, with price action characterized by large, fast momentum bars and a clear uptrend in both short- and intermediate-term swing pivots. All benchmark moving averages are trending upward, confirming the strength of the move. The most recent swing high at 121.43 marks a new resistance, while support levels are well below current price, indicating a significant extension from prior consolidation zones. Volatility is elevated (high ATR), and volume remains robust, supporting the conviction behind the move. The chart reflects a breakout and trend continuation pattern, with higher highs and higher lows, and no immediate signs of reversal or exhaustion. The technical landscape is decisively bullish, with price well above all major moving averages and no significant overhead resistance until new highs are established.