USO United States Oil Fund LP Weekly Chart Analysis: 2026-Apr-19 18:07 CT
Price Action
- Last: 116.84,
- 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 110.36,
- 4. Pvt. Next: Pvt high 139.03,
- 5. Levels R: 140.00,
- 6. Levels S: 110.35, 106.45, 94.23, 69.99, 65.99, 60.67.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 132.65 Down Trend,
- (Intermediate-Term) 10 Week: 88.31 Up Trend,
- (Long-Term) 20 Week: 83.22 Up Trend,
- (Long-Term) 55 Week: 76.74 Up Trend,
- (Long-Term) 100 Week: 74.08 Up Trend,
- (Long-Term) 200 Week: 70.41 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. The short-term swing pivot trend has shifted to a downtrend after a sharp rally, suggesting a corrective phase or pullback is underway. However, the intermediate and long-term trends remain bullish, supported by upward-sloping moving averages (except the short-term 5-week MA, which is now turning down). Key resistance is at 140.00, with multiple support levels below, the nearest being 110.35. The price is currently well above long-term benchmarks, reflecting a strong underlying trend, but the recent correction signals a pause or retracement after an extended move. This environment is typical of a market transitioning from a parabolic rally into a consolidation or corrective phase, where volatility and two-way price action can be expected. Swing traders should note the potential for further pullbacks toward support, but the broader trend context remains constructive unless major support levels are broken.
Chart Analysis ATS AI Generated: 2026-04-19 18:07 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.