USO United States Oil Fund LP Weekly Chart Analysis: 2026-Apr-17 07:08 CT

Price Action

• Last: 125.84,
• 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 139.83,
• 5. Levels R: 140.00,
• 6. Levels S: 118.00, 106.45, 94.43, 65.99, 60.67.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 125.85 Up Trend,
• (Intermediate-Term) 10 Week: 88.31 Up Trend,
• (Long-Term) 20 Week: 83.22 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: Neutral,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

USO has experienced a dramatic surge, with price action showing large bars and fast momentum, indicating a recent breakout or strong rally. The short-term swing pivot trend has shifted to a downtrend, suggesting a possible pullback or consolidation after the sharp move up, while the intermediate-term HiLo trend remains in an uptrend, reflecting underlying bullish strength. All benchmark moving averages across timeframes are in uptrends, confirming a robust long-term bullish structure. Key resistance is at 140.00, with immediate support at 118.00 and further levels below, highlighting areas to watch for potential retracement or bounce. The overall structure suggests the market is digesting a significant move, with short-term neutrality as price consolidates, but intermediate and long-term outlooks remain bullish. This setup often follows major news or macro events, and the current technicals point to a market in transition, possibly setting up for the next directional move after this period of volatility and adjustment.