USO United States Oil Fund LP Weekly Chart Analysis: 2026-Apr-20 07:08 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: UTrend,
- 3. Pvt. Evolve: Pvt low 110.35,
- 4. Pvt. Next: Pvt high 139.13,
- 5. Levels R: 140.00,
- 6. Levels S: 110.35, 106.45, 94.23, 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: 83.22 Up Trend,
- (Long-Term) 100 Week: 76.74 Up Trend,
- (Long-Term) 200 Week: 74.08 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-term HiLo trend remains up, and long-term moving averages are all in strong uptrends, reflecting underlying bullish structure. Key resistance is at 140.00, with multiple support levels below, the nearest being 110.35. The price is currently above all major long-term benchmarks, but short-term moving averages have turned down, highlighting a potential retracement or consolidation after the recent spike. The overall structure suggests a market that is digesting recent gains, with the potential for further volatility as it tests support and resistance levels. Futures swing traders would note the transition from explosive upside to a corrective phase, with the broader trend context still favoring bulls over the longer horizon.
Chart Analysis ATS AI Generated: 2026-04-20 07:08 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.