USO United States Oil Fund LP Daily Chart Analysis: 2026-Apr-09 07:10 CT

Price Action

• Last: 121.13,
• Bars: Large,
• Mom: 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 129.18,
• 5. Levels R: 140.89,
• 6. Levels S: 124.58, 118.05, 106.45, 98.47, 91.17, 81.06.

Daily Benchmarks

• (Short-Term) 5 Day: 133.28 Up Trend,
• (Short-Term) 10 Day: 120.85 Up Trend,
• (Intermediate-Term) 20 Day: 121.13 Up Trend,
• (Intermediate-Term) 55 Day: 101.87 Up Trend,
• (Long-Term) 100 Day: 83.93 Up Trend,
• (Long-Term) 200 Day: 78.94 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, fast-moving bars and a recent high pivot at 140.89. The short-term swing pivot trend has shifted to a downtrend, indicating a pullback or correction phase after a strong upward move. However, the intermediate and long-term trends remain bullish, supported by all benchmark moving averages trending upward and price well above major support levels. The ATR is elevated, reflecting increased volatility, while volume remains robust. The current environment suggests a corrective phase within a broader uptrend, with key support levels at 124.58 and 118.05 being watched for potential stabilization or bounce. The overall structure points to a market in consolidation after a strong advance, with the potential for trend continuation if support holds and momentum returns.