USO United States Oil Fund LP Daily Chart Analysis: 2026-Apr-21 07:10 CT

Price Action

• Last: 121.53,
• 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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt high 121.53,
• 4. Pvt. Next: Pvt low 110.35,
• 5. Levels R: 140.89, 133.53, 121.53,
• 6. Levels S: 110.35, 106.45, 98.11, 88.11, 78.03.

Daily Benchmarks

• (Short-Term) 5 Day: 123.38 Up Trend,
• (Short-Term) 10 Day: 120.42 Down Trend,
• (Intermediate-Term) 20 Day: 121.83 Down Trend,
• (Intermediate-Term) 55 Day: 107.45 Up Trend,
• (Long-Term) 100 Day: 98.18 Up Trend,
• (Long-Term) 200 Day: 80.91 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO has recently experienced a sharp move with large bars and fast momentum, indicating heightened volatility and active participation. The short-term swing pivot trend has shifted to an uptrend, but the intermediate-term HiLo trend remains in a downtrend, suggesting a possible countertrend rally or a corrective bounce within a broader pullback. Price is currently near a recent swing high resistance at 121.53, with significant resistance overhead at 133.53 and 140.89, while support levels are layered below at 110.35 and 106.45. The 5-day moving average is trending up, but the 10- and 20-day averages are down, reflecting mixed short-term signals, whereas all longer-term benchmarks (55, 100, 200-day) remain in solid uptrends, confirming the underlying bullish structure. ATR and volume metrics confirm the recent expansion in volatility and trading activity. Overall, the chart reflects a market in transition, with short-term consolidation or retracement possible before a clearer directional move emerges. The long-term trend remains bullish, but the current environment is marked by choppy, two-sided action as the market digests recent gains and tests key support and resistance levels.