USO United States Oil Fund LP Weekly Chart Analysis: 2026-Aug-12 07:12 CT

Price Action

• Last: 113.86,
• 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: UTrend.

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 137.38,
• 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: 123.30 Down Trend,
• (Short-Term) 10 Day: 110.93 Down Trend,
• (Intermediate-Term) 20 Day: 126.48 Up Trend,
• (Intermediate-Term) 55 Day: 102.55 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 shows a sharp, high-volatility countertrend selloff from the 142.33 pivot high into the newly established 113.86 pivot low. From a futures swing-trader perspective, the short-term structure is bearish because price is below the declining 5- and 10-period benchmarks and the active pivot trend is down. The broader structure remains constructive: price holds well above the rising 55-, 100-, and 200-period benchmarks and remains above the 2026 yearly NTZ. The 113.86 low is the immediate structural support, with 102.42 and 94.23 representing deeper retracement levels. A recovery through 137.38 would define the next upside pivot event, while 142.33 and 154.08 remain the major overhead swing-high resistance levels.