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

Price Action

Last: 124.57,
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,
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 recent move has broken out of a prolonged consolidation zone, with price now trading far above the yearly NTZ and all long-term benchmarks, signaling a strong bullish environment on intermediate and long-term horizons. However, the short-term swing pivot trend has shifted to a downtrend, indicating a potential pullback or pause after the explosive rally. Key resistance is at 140.00, with immediate support at 118.00 and further levels below. The overall structure suggests a market that has transitioned from range-bound to trending, with volatility elevated and the potential for both sharp retracements and continued trend moves. Swing traders will note the shift in character, with the intermediate and long-term trends remaining robustly bullish, while short-term action may be entering a corrective or consolidative phase following the recent vertical move.