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

Price Action

Last: 124.09,
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 130.13,
4. Pvt. Next: Pvt low 113.69,
5. Levels R: 130.13, 124.09,
6. Levels S: 100.45, 94.43, 69.05, 65.99, 60.67.

Weekly Benchmarks

(Intermediate-Term) 5 Week: 104.95 Up Trend,
(Intermediate-Term) 10 Week: 92.21 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, pushing the last price to 124.09—well above all major moving averages. Both short-term and intermediate-term swing pivot trends are in strong uptrends, with the most recent pivot high at 130.13 and the next key support at 113.69. All benchmark moving averages are trending upward, confirming broad-based strength across timeframes. The price has decisively broken out of the NTZ (neutral zone) and is trading at multi-year highs, suggesting a powerful trend continuation. The chart reflects a classic breakout and momentum extension, with volatility elevated and no immediate resistance above the recent highs. Support levels are well below current price, indicating a significant buffer before any major pullback. The overall technical structure is bullish across all horizons, with the market in a strong trending phase and no signs of reversal or exhaustion evident on this timeframe.