USO United States Oil Fund LP Weekly Chart Analysis: 2026-Aug-05 07:11 CT

Price Action

• Last: 115.00,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Aug

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

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 114.86,
• 4. Pvt. Next: Pvt high 139.26,
• 5. Levels R: 154.08, 142.33,
• 6. Levels S: 114.86, 102.42, 94.23, 65.99, 61.75.

Weekly Benchmarks

• (Short-Term) 5 Day: 120.50 Up Trend,
• (Short-Term) 10 Day: 121.04 Up Trend,
• (Intermediate-Term) 20 Day: 126.60 Up Trend,
• (Intermediate-Term) 55 Day: 101.98 Up Trend,
• (Long-Term) 100 Day: 84.72 Up Trend,
• (Long-Term) 200 Day: 78.21 Up Trend.

Overall Rating

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

Key Insights Summary

USO remains in a powerful longer-cycle advance, trading well above the rising 55-, 100-, and 200-week benchmarks and far above the 2026 yearly NTZ/F0% region. From a futures swing-trader perspective, the immediate structure is a fast, high-volatility countertrend selloff: price rejected from 142.33 after failing below 154.08 and has rotated sharply into the active 114.86 pivot-low support. The short-term pivot trend is down and price is beneath the 5-, 10-, and 20-week averages, while the intermediate HiLo structure and major benchmark alignment remain constructive. The 114.86 level defines the current swing inflection; a sustained loss would expose 102.42 and 94.23, whereas recovery through 126.60 and then 139.26 would repair the short-term downswing toward 142.33.