USO United States Oil Fund LP Weekly 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 125.19,
- 4. Pvt. Next: Pvt low 111.41,
- 5. Levels R: 125.19, 121.43,
- 6. Levels S: 94.43, 65.99, 60.77, 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: 75.33 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 the last price surging to 121.43, well above all major resistance and long-term moving averages. The current swing structure shows a strong uptrend in both short- and intermediate-term pivots, with the most recent pivot high at 125.19 and the next projected pivot low at 111.41, suggesting a potential for retracement or consolidation after this explosive move. All benchmark moving averages are in strong uptrends, confirming broad bullish momentum across timeframes. The price has decisively exited the Neutral Trading Zone (NTZ) and is now in a clear momentum phase, likely driven by a significant news catalyst or macro event. The chart reflects a classic breakout from a prolonged consolidation, with volatility expansion and a possible start of a new price regime. Swing traders will note the absence of nearby resistance above, while support levels are clustered much lower, indicating a wide risk window and the potential for sharp pullbacks or profit-taking after such a vertical move.
Chart Analysis ATS AI Generated: 2026-03-23 07:11 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.