USO United States Oil Fund LP Daily Chart Analysis: 2026-Apr-20 07:07 CT

Price Action

• Last: 116.04,
• 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: DTrend,
• 3. Pvt. Evolve: Pvt low 116.04,
• 4. Pvt. Next: Pvt high 122.73,
• 5. Levels R: 140.89, 133.53,
• 6. Levels S: 106.45, 98.47, 78.03.

Daily Benchmarks

• (Short-Term) 5 Day: 125.11 Up Trend,
• (Short-Term) 10 Day: 120.42 Up Trend,
• (Intermediate-Term) 20 Day: 124.64 Up Trend,
• (Intermediate-Term) 55 Day: 107.13 Up Trend,
• (Long-Term) 100 Day: 87.72 Up Trend,
• (Long-Term) 200 Day: 80.77 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO has experienced a sharp pullback from recent highs, with large, fast-moving bars indicating heightened volatility and momentum to the downside. The short-term and intermediate-term swing pivot trends have shifted to downtrends, with the most recent pivot low established at 116.04 and the next potential reversal level at 122.73. Resistance is clearly defined at 133.53 and 140.89, while support levels are at 106.45, 98.47, and 78.03. Despite the current pullback, all benchmark moving averages from short to long-term remain in uptrends, reflecting the underlying strength of the longer-term trend. The ATR remains elevated, confirming increased volatility, while volume has tapered off from prior peaks. The overall structure suggests a corrective phase within a broader bullish trend, with the market currently testing support zones after a significant rally and subsequent retracement. Swing traders should note the potential for further downside in the short to intermediate term, but the long-term trend remains intact and bullish.