USO United States Oil Fund LP Daily Chart Analysis: 2026-Mar-29 18:08 CT

Price Action

Last: 124.20,
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 124.20,
4. Pvt. Next: Pvt low 112.28,
5. Levels R: 125.19,
6. Levels S: 106.45, 88.47, 80.45, 79.15, 77.06.

Daily Benchmarks

(Short-Term) 5 Day: 115.44 Up Trend,
(Short-Term) 10 Day: 117 Up Trend,
(Intermediate-Term) 20 Day: 108.13 Up Trend,
(Intermediate-Term) 55 Day: 93.18 Up Trend,
(Long-Term) 100 Day: 79.75 Up Trend,
(Long-Term) 200 Day: 77.06 Up Trend.

Additional Metrics

ATR: 138,
VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO has experienced a significant and rapid price advance, as evidenced by large bars and fast momentum, with the last price at 124.20 near recent highs. All benchmark moving averages across short, intermediate, and long-term timeframes are in strong uptrends, confirming broad-based bullish momentum. Swing pivot analysis shows the current trend remains upward, with the most recent pivot high at 124.20 and the next potential support at 112.28, while key resistance is just above at 125.19. Support levels are well-defined below, indicating areas where buyers previously stepped in. Volatility is elevated (high ATR), and volume remains robust, supporting the strength of the move. The overall structure suggests a strong trending environment, with price action characterized by higher highs and higher lows, typical of a sustained rally phase. There is no clear sign of reversal or exhaustion yet, and the technical backdrop remains constructive for trend continuation.