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

Price Action

• Last: 124.58,
• 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 low 118.00,
• 4. Pvt. Next: Pvt high 139.48, 152.82,
• 5. Levels R: 140.00,
• 6. Levels S: 118.00, 106.45, 94.23, 69.95, 65.99.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 122.44 Up Trend,
• (Intermediate-Term) 10 Week: 110.72 Up Trend,
• (Long-Term) 20 Week: 85.53 Up Trend,
• (Long-Term) 55 Week: 81.08 Up Trend,
• (Long-Term) 100 Week: 76.24 Up Trend,
• (Long-Term) 200 Week: 73.90 Up Trend.

Overall Rating

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

Key Insights Summary

USO has experienced a dramatic surge, with large weekly bars and fast momentum pushing price well above all major moving averages. The short-term swing pivot trend has shifted to a downtrend, indicating a potential pause or pullback after the recent explosive rally. However, the intermediate and long-term trends remain firmly bullish, supported by strong upward momentum in all benchmark moving averages. Resistance is now marked at 140.00, with support levels at 118.00 and lower. The price is currently consolidating after a vertical move, suggesting the market may be digesting gains before the next directional move. The overall structure reflects a market that has transitioned from a prolonged consolidation to a breakout phase, with volatility elevated and potential for both retracement and continuation patterns in the coming weeks.