USO United States Oil Fund LP Weekly Chart Analysis: 2026-Apr-14 07:11 CT

Price Action

Last: 88.31,
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 128.47,
5. Levels R: 140.00,
6. Levels S: 118.00, 106.45, 94.43, 69.25, 65.99, 60.67.

Weekly Benchmarks

(Intermediate-Term) 5 Week: 132.65 Down Trend,
(Intermediate-Term) 10 Week: 115.24 Down Trend,
(Long-Term) 20 Week: 88.31 Up Trend,
(Long-Term) 55 Week: 76.76 Up Trend,
(Long-Term) 100 Week: 74.08 Up Trend,
(Long-Term) 200 Week: 70.44 Up Trend.

Overall Rating

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

Key Insights Summary

USO has experienced a dramatic surge, with recent weekly bars showing large ranges and fast momentum, indicating heightened volatility and a potential exhaustion move. The short-term swing pivot trend has shifted to down (DTrend), suggesting a corrective phase or pullback after a sharp rally. However, the intermediate and long-term trends remain bullish, supported by upward-sloping 20, 55, 100, and 200-week moving averages, and a higher intermediate-term swing structure (UTrend). Key resistance is at 140.00, with multiple support levels below, the nearest being 118.00. The price is currently consolidating after a parabolic move, with the last price sitting just above the 20-week moving average. This setup often precedes either a deeper retracement or a period of sideways consolidation before the next directional move. The overall structure reflects a market transitioning from a strong uptrend into a corrective or consolidative phase, with longer-term bullish bias intact.