USO United States Oil Fund LP Daily Chart Analysis: 2026-Apr-05 18:06 CT

Price Action

• Last: 137.92,
• 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 140.10,
• 4. Pvt. Next: Pvt Low 128.88,
• 5. Levels R: 140.00,
• 6. Levels S: 128.88, 106.45, 97.67, 88.11, 81.92, 78.08.

Daily Benchmarks

• (Short-Term) 5 Day: 124.53 Up Trend,
• (Short-Term) 10 Day: 119.04 Up Trend,
• (Intermediate-Term) 20 Day: 115.85 Up Trend,
• (Intermediate-Term) 55 Day: 91.67 Up Trend,
• (Long-Term) 100 Day: 81.92 Up Trend,
• (Long-Term) 200 Day: 78.08 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 a strong bullish trend across all timeframes, with price action characterized by large, fast momentum bars and a clear uptrend in both short- and intermediate-term swing pivots. All benchmark moving averages are trending upward, confirming broad-based strength. The most recent swing high at 140.10 and the next pivot low at 128.88 define the immediate trading range, with multiple support levels below suggesting a well-supported advance. Volatility, as indicated by ATR, is elevated, and volume remains robust, reflecting active participation. The chart shows a classic trend continuation pattern, with higher highs and higher lows, and no immediate signs of exhaustion or reversal. The technical landscape is dominated by bullish momentum, with price well above all major moving averages and no significant resistance until the recent high. This environment is typical of a strong rally phase, often seen in commodity markets during periods of heightened news flow or seasonal demand.