USO United States Oil Fund LP Weekly Chart Analysis: 2026-Aug-18 07:11 CT

Price Action

• Last: 114.00,
• 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: 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 136.40,
• 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: 126.88 Down Trend,
• (Short-Term) 10 Day: 110.99 Up Trend,
• (Intermediate-Term) 20 Day: 126.88 Up Trend,
• (Intermediate-Term) 55 Day: 95.41 Up Trend,
• (Long-Term) 100 Day: 85.78 Up Trend,
• (Long-Term) 200 Day: 78.71 Up Trend.

Overall Rating

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

Key Insights Summary

USO is in a high-volatility weekly correction following an explosive advance into the 154.08 swing high. The current short-term pivot structure is bearish, with a sharp retracement from 142.33 toward the 113.86 pivot-low area and price below the 5-day and 20-day benchmarks. From a futures swing-trader perspective, this is a fast countertrend selloff within a still-positive intermediate and long-term structure: price remains above the rising 55-day, 100-day, and 200-day benchmarks and well above the 2026 yearly NTZ. The 113.86 level defines the immediate pivot low, while 136.40 is the reversal threshold for a new pivot high; 142.33 and 154.08 remain the overhead weekly resistance sequence. A failure beneath 113.86 shifts attention toward 102.42 and 94.23, while the broader trend remains characterized by elevated range expansion and large weekly bars.