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

Price Action

• Last: 131.58,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

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

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: Neutral,
• 3. Pvt. Evolve: Pvt low 113.86,
• 4. Pvt. Next: Pvt high 136.50,
• 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: 126.88 Down Trend,
• (Short-Term) 10 Day: 119.29 Up Trend,
• (Intermediate-Term) 20 Day: 126.98 Up Trend,
• (Intermediate-Term) 55 Day: 103.41 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 remains in a structurally powerful longer-term expansion well above the 2026 yearly NTZ and all major rising weekly benchmarks. From a futures swing-trader perspective, the recent rejection from 142.33 and the active short-term DTrend define a volatile countertrend pullback within that broader bullish structure. Price is holding above the 20-week benchmark near 126.98, while 136.50 is the nearby pivot-reversal threshold and 142.33 remains the first major overhead swing resistance. The 113.86 pivot low is the principal swing reference below current price; a move through it would deepen the retracement toward 102.42. Large weekly ranges and the sharp advance from the 2026 value area indicate an elevated-volatility, momentum-driven crude-oil cycle rather than a settled consolidation.