TradeWize · free chart read

USO is pulling back inside a bull flag inside a weekly uptrend. The pullback is on thin volume. $141.04 ends the flag, $147.37 resumes the rise.

USO · 4H · read on 2026-10-04 · Still forming.

What the read found

Trend: lower highs and lower lows over the window, 4 steps across 27 bars, still intact
Formation: bull flag — Still forming.
Decides above: $147.37 (the bull flag)
Decides below: $141.04 (the bull flag)
Resistance: $147.62
Resistance: $158.90
Level history: The last two times price reached $147.62 it held every time, bouncing 3.2% on average.
Level history: The last three times price reached $158.90 it held twice, bouncing 8.2% on average.

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Every figure on this page was computed from the real candles up to 2026-10-04. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns