USO United States Oil Fund LP Weekly Chart Analysis: 2026-Aug-06 07:11 CT

Price Action

• Last: 114.00,
• 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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral,
• 3. Pvt. Evolve: Pvt low 113.86,
• 4. Pvt. Next: Pvt high 138.30,
• 5. Levels R: 154.08, 142.33,
• 6. Levels S: 113.86, 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: 126.00 Up Trend,
• (Intermediate-Term) 55 Day: 95.08 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: Neutral,
• Long-Term: Bullish.

Key Insights Summary

USO reflects a high-volatility crude-oil futures swing environment: the weekly structure remains well above the yearly NTZ and the rising 55-, 100-, and 200-period benchmarks, preserving a broadly constructive long-term trend. The most recent large decline from the 142.33 pivot high has shifted the active short-term pivot condition to DTrend, with price now below the 5-, 10-, and 20-period benchmarks. The 113.86 pivot-low area is the immediate swing reference, while 102.42 and 94.23 define the deeper support sequence. A recovery through 126.00 would improve the intermediate swing structure, whereas 138.30 and 142.33 remain the principal overhead pivot-resistance zones. The current pattern is a sharp countertrend retracement within a larger bullish expansion rather than a confirmed long-term trend reversal.