USO United States Oil Fund LP Daily Chart Analysis: 2026-Aug-20 07:11 CT

Price Action

• Last: 130.71,
• Bars: Medium,
• 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 Bullish,
• MSFG Trend: UTrend.

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 133.38,
• 4. Pvt. Next: Pvt low 127.18,
• 5. Levels R: 154.08, 142.33, 133.38,
• 6. Levels S: 113.86, 107.49, 102.42, 98.47, 89.11.

Daily Benchmarks

• (Short-Term) 5 Day: 127.98 Up Trend,
• (Short-Term) 10 Day: 124.51 Up Trend,
• (Intermediate-Term) 20 Day: 126.40 Up Trend,
• (Intermediate-Term) 55 Day: 123.29 Up Trend,
• (Long-Term) 100 Day: 127.52 Up Trend,
• (Long-Term) 200 Day: 103.41 Up Trend.

Additional Metrics

• ATR: 8.32,
• VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is in a broad futures-style recovery phase, with price holding above all displayed benchmark averages and the pivot structure maintaining both short-term and intermediate-term UTrends. The August monthly grid has been exceeded to the upside, reflecting strong upside extension from the 119-123 NTZ area. The current advance is approaching the 133.38 pivot-high resistance, where the recent rally can encounter a test-and-rejection or consolidation pattern; a decisive pivot evolution above that level would place 142.33 as the next major overhead reference. The 127.18 pivot-reversal level and clustered 5-, 20-, and 100-day averages around 126-128 define the nearest pullback reference zone. Volatility remains elevated versus the steadier summer volume profile, consistent with a fast momentum swing following the August rebound from the 113.86 support area.