USO United States Oil Fund LP Daily Chart Analysis: 2026-Apr-24 07:08 CT
Price Action
- Last: 125.15,
- 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: UTrend,
- 3. Pvt. Evolve: Pvt High 134.72,
- 4. Pvt. Next: Pvt Low 120.18,
- 5. Levels R: 140.89, 133.53,
- 6. Levels S: 120.18, 110.35, 106.45, 78.03.
Daily Benchmarks
- (Short-Term) 5 Day: 125.41 Up Trend,
- (Short-Term) 10 Day: 124.75 Up Trend,
- (Intermediate-Term) 20 Day: 120.16 Up Trend,
- (Intermediate-Term) 55 Day: 109.41 Up Trend,
- (Long-Term) 100 Day: 99.88 Up Trend,
- (Long-Term) 200 Day: 81.67 Up Trend.
Additional Metrics
- ATR: 138,
- VOLMA: 2,577,640.
Overall Rating
- Short-Term: Bullish,
- Intermediate-Term: Bullish,
- Long-Term: Bullish.
Key Insights Summary
USO is exhibiting strong bullish momentum across all timeframes, with price action characterized by large, fast-moving bars and a clear uptrend in both short- and intermediate-term swing pivots. The most recent pivot is a swing high at 134.72, with the next potential pivot low at 120.18, indicating a possible area for retracement or support. Resistance is established at 140.89 and 133.53, while support levels are layered below at 120.18, 110.35, and 106.45. All benchmark moving averages (from 5-day to 200-day) are trending upward, confirming the strength of the current rally and the persistence of higher lows. The ATR remains elevated, reflecting ongoing volatility, while volume has moderated from recent peaks but remains supportive. The overall structure suggests a continuation of the bullish trend, with the potential for pullbacks to be met by buyers at key support levels. The market is in a strong trending phase, with no immediate signs of exhaustion or reversal, and price remains well above all major moving averages.
Chart Analysis ATS AI Generated: 2026-04-24 07:08 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.