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

Price Action

• Last: 121.32,
• 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: 110.36, 106.45, 104.26, 94.39, 69.05, 65.99, 60.67.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 112.84 Up Trend,
• (Intermediate-Term) 10 Week: 98.45 Up Trend,
• (Long-Term) 20 Week: 90.56 Up Trend,
• (Long-Term) 55 Week: 84.39 Up Trend,
• (Long-Term) 100 Week: 77.73 Up Trend,
• (Long-Term) 200 Week: 74.24 Up Trend.

Overall Rating

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

Key Insights Summary

USO has experienced a dramatic surge, with large weekly bars and fast momentum pushing price well above all major moving averages. The recent swing pivot shows a short-term downtrend after a sharp rally, but the intermediate-term HiLo trend remains up, supported by a series of higher lows and a strong move off the yearly NTZ. All benchmark moving averages are in strong uptrends, confirming robust long-term bullish structure. Resistance is marked at 140.00, with multiple support levels below, the nearest being 110.36. The current price action suggests a possible consolidation or pullback phase after an explosive breakout, with volatility elevated. The overall structure favors bullish continuation in the intermediate and long term, while the short-term may see some digestion or retracement as the market absorbs recent gains.