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

Price Action

• Last: 126.00,
• 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: UTrend,
• 3. Pvt. Evolve: Pvt low 113.86,
• 4. Pvt. Next: Pvt high 137.30,
• 5. Levels R: 154.08, 142.33,
• 6. Levels S: 113.86, 102.42, 94.23, 65.99, 61.75, 60.67.

Weekly Benchmarks

• (Short-Term) 5 Day: 123.3 Down Trend,
• (Short-Term) 10 Day: 110.93 Down Trend,
• (Intermediate-Term) 20 Day: 126.48 Down Trend,
• (Intermediate-Term) 55 Day: 95.55 Up Trend,
• (Long-Term) 100 Day: 85.21 Up Trend,
• (Long-Term) 200 Day: 78.41 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 the yearly NTZ and well above its rising 55-, 100-, and 200-week benchmarks. From a futures swing-trader perspective, the recent structure is a volatile countertrend retracement within that broader bullish regime: the short-term pivot trend remains down, the 20-week benchmark is flattening/down at 126.48, and price is working between the 113.86 pivot-low support and 137.30 pivot-high reversal threshold. The large weekly ranges reflect an energy-market repricing phase rather than a low-volatility consolidation. A recovery through 137.30 would restore a higher-high pivot sequence toward 142.33 and 154.08, while rejection below 126.48 keeps the pullback structure active with 113.86 as the primary swing reference.