USO United States Oil Fund LP Daily Chart Analysis: 2026-Apr-12 18:06 CT

Price Action

• Last: 124.82,
• 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 124.89,
• 4. Pvt. Next: Pvt low 118.24,
• 5. Levels R: 140.89, 124.89,
• 6. Levels S: 118.24, 106.45, 98.47, 85.03, 78.03.

Daily Benchmarks

• (Short-Term) 5 Day: 133.3 Up Trend,
• (Short-Term) 10 Day: 128.04 Up Trend,
• (Intermediate-Term) 20 Day: 120.94 Up Trend,
• (Intermediate-Term) 55 Day: 103.55 Up Trend,
• (Long-Term) 100 Day: 85.02 Up Trend,
• (Long-Term) 200 Day: 79.40 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2,577,640.

Overall Rating

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

Key Insights Summary

USO is exhibiting strong bullish momentum across all timeframes, with price action characterized by large bars and fast momentum, indicating aggressive buying and potential volatility. All benchmark moving averages from short to long term are in clear uptrends, confirming broad-based strength. The swing pivot structure shows a current uptrend with the most recent pivot high at 124.89 and next support at 118.24, while resistance is marked at 140.89. The ATR is elevated, reflecting increased volatility, and volume remains robust. The neutral bias on the session fib grids suggests price is not currently at a major inflection zone, but the overall technical structure supports a continuation of the prevailing uptrend. The chart reflects a classic trend continuation environment, with higher highs and higher lows, and no immediate signs of reversal or exhaustion. This aligns with a strong trending phase, typical of breakout or momentum-driven moves often seen in commodity-related instruments during periods of heightened market activity.