USO United States Oil Fund LP Weekly Chart Analysis: 2026-Aug-04 07:10 CT

Price Action

• Last: 122.00,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Aug

• 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 Above NTZ,
• YSFG Trend: Bullish.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt high 142.33,
• 4. Pvt. Next: Pvt low 118.11,
• 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: 120.50 Up Trend,
• (Short-Term) 10 Day: 121.04 Up Trend,
• (Intermediate-Term) 20 Day: 126.00 Up Trend,
• (Intermediate-Term) 55 Day: 95.98 Up Trend,
• (Long-Term) 100 Day: 84.72 Up Trend,
• (Long-Term) 200 Day: 78.23 Up Trend.

Overall Rating

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

Key Insights Summary

USO reflects a high-volatility crude-oil expansion phase, with price holding well above the rising 55-, 100-, and 200-week benchmarks and materially above the 2026 yearly NTZ. The short-term pivot structure remains in an UTrend, although the intermediate HiLo structure remains DTrend after the sharp retracement from 154.08 to 102.42. The recovery from 102.42 has been powerful and fast, producing large weekly ranges and a renewed test of the 142.33 pivot-high resistance. Price is slightly below the 20-week benchmark at 126.00, defining the current rebound as a strong countertrend recovery within a still-unresolved intermediate swing pattern. The 118.11 pivot-next level is the near-term structural reference, while 142.33 and 154.08 frame the major overhead swing-high levels.