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

Price Action

• Last: 126.96,
• 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 139.28,
• 5. Levels R: 140.00, 139.28,
• 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 after a sharp rally, suggesting a potential pause or retracement following the recent explosive move. However, the intermediate and long-term trends remain firmly bullish, supported by strong upward momentum in all benchmark moving averages. Resistance is now defined at 139.28 and 140.00, with key support levels at 118.00 and 106.45. The price is currently consolidating after a vertical breakout, indicating a possible digestion phase before the next directional move. The overall structure reflects a market that has transitioned from a prolonged consolidation to a breakout and is now in a high-volatility environment, with the potential for both pullbacks and trend continuation setups.