USO United States Oil Fund LP Weekly Chart Analysis: 2026-Mar-31 07:10 CT

Price Action

Last: 129.83,
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 130.08,
4. Pvt. Next: Pvt low 119.08,
5. Levels R: 130.08, 129.83, 106.45, 94.23, 91.05, 69.70, 60.67,
6. Levels S: 94.13, 59.78, 56.17, 55.73, 65.99, 60.67.

Weekly Benchmarks

(Intermediate-Term) 5 Week: 112.25 Up Trend,
(Intermediate-Term) 10 Week: 94.21 Up Trend,
(Long-Term) 20 Week: 82.21 Up Trend,
(Long-Term) 55 Week: 79.60 Up Trend,
(Long-Term) 100 Week: 75.62 Up Trend,
(Long-Term) 200 Week: 73.66 Up Trend.

Overall Rating

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

Key Insights Summary

USO has experienced a dramatic surge, with price action showing large bars and fast momentum, breaking well above all major resistance levels and benchmarks. The swing pivot structure confirms a strong uptrend in both short- and intermediate-term perspectives, with the most recent pivot high at 130.08 and the next potential support at 119.08. All weekly moving averages are trending upward, reinforcing the bullish structure across all timeframes. The price has decisively exited the previous neutral trading zones, indicating a powerful breakout and trend continuation. This move may be driven by macro factors such as supply shocks, geopolitical events, or seasonal demand spikes in the oil market. The chart currently reflects a classic trend acceleration phase, with little overhead resistance and strong support levels well below the current price, suggesting the market is in a momentum-driven rally phase.