USO United States Oil Fund LP Daily Chart Analysis: 2026-Mar-24 07:10 CT
Price Action
- Last: 110.56,
- 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: DTrend,
- (Intermediate-Term) 2. HiLo Trend: UTrend,
- 3. Pvt. Evolve: Pvt Low 104.45,
- 4. Pvt. Next: Pvt High 122.47,
- 5. Levels R: 125.19, 118.65, 110.45, 98.11, 89.81,
- 6. Levels S: 104.45, 98.11, 89.81, 78.07, 76.20.
Daily Benchmarks
- (Short-Term) 5 Day: 118.87 Up Trend,
- (Short-Term) 10 Day: 115.08 Up Trend,
- (Intermediate-Term) 20 Day: 101.14 Up Trend,
- (Intermediate-Term) 55 Day: 89.91 Up Trend,
- (Long-Term) 100 Day: 78.07 Up Trend,
- (Long-Term) 200 Day: 76.20 Up Trend.
Additional Metrics
- ATR: 138,
- VOLMA: 2577640.
Overall Rating
- Short-Term: Bearish,
- Intermediate-Term: Bullish,
- Long-Term: Bullish.
Key Insights Summary
USO has experienced a sharp rally, with price action showing large bars and fast momentum, indicating recent high volatility and strong directional moves. The short-term swing pivot trend has shifted to a downtrend (DTrend) after a significant run-up, suggesting a corrective phase or pullback is underway. However, the intermediate and long-term trends remain firmly bullish, supported by all benchmark moving averages trending upward and price well above these key levels. Resistance is clustered near recent highs (125.19, 118.65), while support is established at 104.45 and lower at 98.11 and 89.81, reflecting prior pivot lows and consolidation zones. The ATR is elevated, confirming increased volatility, and volume remains robust. Overall, the market is in a corrective pullback within a broader uptrend, with the potential for further consolidation or a retest of support before any new trend continuation. The technical structure suggests the primary trend remains intact, but short-term traders should be aware of the current retracement phase.
Chart Analysis ATS AI Generated: 2026-03-24 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.