USO United States Oil Fund LP Weekly 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 High 125.19,
- 4. Pvt. Next: Pvt Low 94.83,
- 5. Levels R: 125.19, 121.13, 109.15,
- 6. Levels S: 94.83, 65.99, 64.60, 59.78.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 104.94 Up Trend,
- (Intermediate-Term) 10 Week: 102.88 Up Trend,
- (Long-Term) 20 Week: 79.56 Up Trend,
- (Long-Term) 55 Week: 77.94 Up Trend,
- (Long-Term) 100 Week: 75.18 Up Trend,
- (Long-Term) 200 Week: 73.47 Up Trend.
Overall Rating
- Short-Term: Bullish,
- Intermediate-Term: Bullish,
- Long-Term: Bullish.
Key Insights Summary
USO has experienced a dramatic surge, with the last weekly bar showing a large, fast momentum move to the upside, breaking well above all major moving averages and historical resistance levels. The short-term swing pivot trend is down, indicating a potential for near-term pullback or consolidation after this explosive rally, but the intermediate HiLo trend remains up, reflecting underlying strength. All benchmark moving averages are in strong uptrends, confirming broad bullish momentum across timeframes. The price has moved far above the NTZ (neutral zone) and F0% levels, suggesting a breakout from a prolonged consolidation phase. Key resistance is now at 125.19, with support at 94.83 and much lower at 65.99, highlighting the magnitude of the recent move. The overall technical structure points to a bullish environment, but after such a vertical move, volatility and potential for retracement or profit-taking increases. The chart reflects a transition from a long consolidation to a breakout phase, with the potential for trend continuation, but also increased risk of sharp swings as the market digests these gains.
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.