USO United States Oil Fund LP Daily Chart Analysis: 2026-Apr-02 07:09 CT

Price Action

• Last: 129.09,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Apr

• 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 129.09,
• 4. Pvt. Next: Pvt Low 119.41,
• 5. Levels R: 129.09, 124.09, 120.83, 113.95, 109.88, 99.11, 88.11,
• 6. Levels S: 106.45, 98.47, 81.39, 77.86.

Daily Benchmarks

• (Short-Term) 5 Day: 127.23 Up Trend,
• (Short-Term) 10 Day: 119.74 Up Trend,
• (Intermediate-Term) 20 Day: 114.23 Up Trend,
• (Intermediate-Term) 55 Day: 96.69 Up Trend,
• (Long-Term) 100 Day: 81.39 Up Trend,
• (Long-Term) 200 Day: 77.86 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2,577,640.

Overall Rating

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

Key Insights Summary

USO is exhibiting strong bullish momentum across all timeframes, with price action characterized by large bars and fast momentum, indicating aggressive buying and a potential breakout environment. All benchmark moving averages from short to long term are in clear uptrends, confirming broad-based strength. The swing pivot structure shows a current uptrend with the most recent pivot high at 129.09, and the next key support at 119.41, suggesting the market is in a trend continuation phase. Resistance levels are being taken out sequentially, while support levels are well below current price, reflecting a strong rally with little immediate overhead supply. Volatility, as measured by ATR, is elevated, and volume remains robust, supporting the move. The neutral bias on the session fib grids suggests the rally is technically extended but not yet at a major inflection. Overall, the chart reflects a classic trend acceleration phase, with higher highs and higher lows, and no immediate signs of reversal or exhaustion.