USO United States Oil Fund LP Weekly Chart Analysis: 2026-Aug-03 07:10 CT

Price Action

• Last: 129.32,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Above NTZ,
• WSFG Trend: Bullish.

MSFG Month Aug

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Above NTZ,
• MSFG Trend: Bullish.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Above NTZ,
• YSFG Trend: Bullish.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 142.33,
• 4. Pvt. Next: Pvt low 116.81,
• 5. Levels R: 154.08, 142.33,
• 6. Levels S: 102.42, 94.23, 65.99, 61.75, 60.67.

Weekly Benchmarks

• (Short-Term) 5 Day: 115.76 Up Trend,
• (Short-Term) 10 Day: 122.21 Up Trend,
• (Intermediate-Term) 20 Day: 126.73 Up Trend,
• (Intermediate-Term) 55 Day: 100.49 Up Trend,
• (Long-Term) 100 Day: 84.17 Up Trend,
• (Long-Term) 200 Day: 77.81 Up Trend.

Overall Rating

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

Key Insights Summary

USO remains in a powerful futures-style expansion phase, with price holding above the rising 5, 10, 20, 55, 100, and 200-week benchmarks. The intermediate structure retains higher support, although the recent 154.08 peak followed by a 142.33 lower swing high reflects elevated two-way volatility and a developing retracement pattern. The 126.73 20-week benchmark and 116.81 pivot-reversal reference define the near-term trend structure, while 142.33 and 154.08 remain the principal overhead swing-pivot levels. The broad yearly position remains strongly above the 2026 NTZ and F0% area, confirming a bullish long-term price cycle despite the sharp weekly swings.