USO United States Oil Fund LP Weekly Chart Analysis: 2026-Apr-22 07:10 CT

Price Action

• Last: 90.56,
• 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 110.32,
• 4. Pvt. Next: Pvt high 123.25,
• 5. Levels R: 140.00,
• 6. Levels S: 110.25, 106.45, 94.23, 69.09, 65.99, 60.67.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 112.74 Down Trend,
• (Intermediate-Term) 10 Week: 112.23 Down Trend,
• (Long-Term) 20 Week: 84.39 Up Trend,
• (Long-Term) 55 Week: 77.79 Up Trend,
• (Long-Term) 100 Week: 74.24 Up Trend,
• (Long-Term) 200 Week: 72.04 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, suggesting a pullback or correction after a sharp rally. However, the intermediate-term HiLo trend remains up, and all long-term moving averages are in strong uptrends, reflecting underlying bullish structure. Key resistance is at 140.00, with multiple support levels below, the nearest being 110.25 and 106.45. The price is currently consolidating after a parabolic move, with the potential for further retracement or base-building before the next directional move. The overall structure points to a market in transition, with short-term weakness but sustained intermediate and long-term strength.