USO United States Oil Fund LP Weekly Chart Analysis: 2026-Apr-16 07:10 CT

Price Action

• Last: 122.59,
• 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 118.08,
• 4. Pvt. Next: Pvt high 139.48,
• 5. Levels R: 140.00,
• 6. Levels S: 118.08, 106.45, 94.43, 69.95, 65.99.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 152.65 Up Trend,
• (Intermediate-Term) 10 Week: 133.85 Up Trend,
• (Long-Term) 20 Week: 88.31 Up Trend,
• (Long-Term) 55 Week: 76.77 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 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 pullback or pause 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. The next key resistance is at 140.00, with immediate support at 118.08 and further levels below. The price is currently consolidating after a vertical move, suggesting a period of digestion or retracement is likely before any further trend continuation. The overall structure reflects a market that has transitioned from a prolonged consolidation to a breakout phase, now entering a corrective or balancing phase in the short term while maintaining bullish structure on higher timeframes.