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

Price Action

Last: 138.94,
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 140.89,
4. Pvt. Next: Pvt low 122.38,
5. Levels R: 140.89,
6. Levels S: 100.45, 94.23, 86.09, 65.99, 60.67.

Weekly Benchmarks

(Intermediate-Term) 5 Week: 104.94 Up Trend,
(Intermediate-Term) 10 Week: 122.44 Up Trend,
(Long-Term) 20 Week: 85.53 Up Trend,
(Long-Term) 55 Week: 81.68 Up Trend,
(Long-Term) 100 Week: 76.24 Up Trend,
(Long-Term) 200 Week: 73.90 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 138.94 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 most recent swing pivot is a new high at 140.89, with the next significant support levels well below current price, indicating a vertical move with little immediate overhead resistance. Both short-term and intermediate-term swing trends are up, and the chart shows a classic V-shaped recovery and breakout from a prolonged consolidation range (NTZ) that persisted for several years. This move likely reflects a major shift in market sentiment, possibly driven by macroeconomic or geopolitical catalysts. The absence of resistance above and the clustering of support levels far below suggest the market is in a strong trend phase, with volatility elevated and price discovery underway. The overall technical structure is decisively bullish across all timeframes.