USO United States Oil Fund LP Weekly Chart Analysis: 2026-Apr-08 07:11 CT
Price Action
- Last: 138.08,
- 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 143.98,
- 4. Pvt. Next: Pvt low 129.52,
- 5. Levels R: 143.98,
- 6. Levels S: 106.45, 94.23, 66.09, 61.75, 60.67.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 122.44 Up Trend,
- (Intermediate-Term) 10 Week: 107.24 Up Trend,
- (Long-Term) 20 Week: 85.53 Up Trend,
- (Long-Term) 55 Week: 81.61 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 surge, with price action showing large bars and fast momentum, indicating a strong breakout move. All benchmark moving averages across short, intermediate, and long-term horizons are in solid uptrends, confirming broad-based strength. Swing pivot analysis highlights a prevailing uptrend in both short and intermediate terms, with the most recent pivot high at 143.98 and the next significant support at 129.52, suggesting the market is in a strong trending phase with higher highs and higher lows. The price has decisively broken out of the previous neutral trading zone, and the current structure shows no immediate resistance above the recent highs, while multiple support levels are established below. This environment is characteristic of a powerful trend continuation, often seen after a period of consolidation and subsequent breakout. Volatility is elevated, and the chart reflects a classic V-shaped recovery and rally, with little evidence of reversal or exhaustion at this stage. The overall technical landscape is decisively bullish across all timeframes, with momentum and trend alignment favoring continuation of the current move.
Chart Analysis ATS AI Generated: 2026-04-08 07:11 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.