USO United States Oil Fund LP Weekly Chart Analysis: 2026-Apr-06 07:08 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 140.09,
- 4. Pvt. Next: Pvt low 125.38,
- 5. Levels R: 140.09,
- 6. Levels S: 109.45, 94.29, 91.05, 69.09, 65.99, 60.67.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 111.25 Up Trend,
- (Intermediate-Term) 10 Week: 94.13 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 breakout, with price surging to 137.92 and printing large, fast-momentum bars. All benchmark moving averages from short to long-term are in strong uptrends, confirming broad-based bullish momentum. The swing pivot structure shows a clear uptrend in both short and intermediate timeframes, with the most recent pivot high at 140.09 and the next anticipated pivot low at 125.38, suggesting a potential pullback zone. Multiple support levels are now well below current price, indicating a significant move away from prior consolidation and resistance. The price has decisively exited the Neutral Trading Zone (NTZ) and is trading far above the yearly and monthly session fib grids, reflecting a powerful trend extension. This move may be driven by macro factors such as supply shocks, geopolitical events, or a strong commodity cycle, and the technicals point to a trend continuation environment. Volatility is elevated, and the market is in a clear trend phase rather than consolidation, with little evidence of immediate reversal pressure.
Chart Analysis ATS AI Generated: 2026-04-06 07:08 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.