USO United States Oil Fund LP Daily Chart Analysis: 2026-Apr-08 07:10 CT

Price Action

• Last: 119.44,
• 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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 140.89,
• 4. Pvt. Next: Pvt low 106.45,
• 5. Levels R: 140.89,
• 6. Levels S: 106.45, 89.47, 83.11, 78.04, 70.41.

Daily Benchmarks

• (Short-Term) 5 Day: 131.61 Up Trend,
• (Short-Term) 10 Day: 123.8 Up Trend,
• (Intermediate-Term) 20 Day: 110.44 Up Trend,
• (Intermediate-Term) 55 Day: 100.53 Up Trend,
• (Long-Term) 100 Day: 83.27 Up Trend,
• (Long-Term) 200 Day: 78.66 Up Trend.

Additional Metrics

• ATR:138,
• VOLMA:2577640.

Overall Rating

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

Key Insights Summary

USO has experienced a sharp rally, with price action showing large bars and fast momentum, indicating recent volatility and strong directional moves. The short-term swing pivot trend has shifted to a downtrend following a significant swing high at 140.89, suggesting a corrective phase or pullback is underway after an extended run. However, the intermediate and long-term trends remain firmly bullish, supported by all benchmark moving averages trending upward and price well above key support levels. The next major support is at 106.45, with additional levels at 89.47 and below, while resistance is defined by the recent high. The ATR is elevated, reflecting increased volatility, and volume remains robust. Overall, the market is in a corrective pullback within a broader uptrend, with the potential for further consolidation or retracement before any resumption of the primary bullish trend.