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

Price Action

• Last: 117.75,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

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

MSFG Month Aug

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

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 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: 110.50 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: Bearish,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

USO remains in a strong higher-timeframe expansion above its yearly value area and above the rising 55-, 100-, and 200-week benchmarks. The short-term structure is corrective, with price below the 5-week and 20-week benchmarks and the pivot trend in DTrend. The 113.86 pivot low is the immediate structural reference, while 138.30 and 142.33 define the nearby overhead pivot-resistance zone. The large weekly ranges reflect an exceptionally volatile crude-oil futures-linked cycle: the broader bullish trend remains intact, but recent action is a sharp retracement and rebound sequence rather than a smooth trend continuation.