USO United States Oil Fund LP Weekly Chart Analysis: 2026-Apr-23 07:10 CT
Price Action
- Last: 129.40,
- 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, 110.36, 104.45, 94.29, 69.05, 67.75,
- 6. Levels S: 94.33, 65.99, 60.67.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 124.88 Up Trend,
- (Intermediate-Term) 10 Week: 112.24 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 to 129.40, well above all major moving averages. The short-term swing pivot trend has shifted to a downtrend, indicating a possible pullback or consolidation after the recent explosive rally. However, the intermediate and long-term trends remain firmly bullish, supported by all benchmark moving averages trending upward. Resistance is clustered near the recent highs (140.00, 139.03), while support is found at 94.33 and lower at 65.99, reflecting the magnitude of the recent move. The neutral bias in the session fib grids suggests the market is digesting gains, possibly entering a consolidation phase after a vertical breakout. Volatility is elevated, and the market is likely transitioning from a trend acceleration phase to a potential retracement or sideways correction, typical after such parabolic advances. The overall structure favors a bullish outlook for the intermediate and long-term, with short-term action likely to be choppy as the market tests support and resistance levels established by the recent swing extremes.
Chart Analysis ATS AI Generated: 2026-04-23 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.