USO United States Oil Fund LP Weekly Chart Analysis: 2026-Aug-21 07:11 CT

Price Action

• Last: 113.86,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: 161.5%
• F0%/NTZ' Bias: Price Above NTZ,
• WSFG Trend: UTrend.

MSFG Month Aug

• Intermediate-Term
• MSFG Current: 161.5%
• F0%/NTZ' Bias: Price Above NTZ,
• MSFG Trend: UTrend.

YSFG Year 2026

• Long-Term
• YSFG Current: 161.5%
• F0%/NTZ' Bias: Price Above NTZ,
• YSFG Trend: UTrend.

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 136.58,
• 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: 126.88 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 high-volatility energy expansion above the 2026 yearly NTZ and all major intermediate-to-long-term benchmarks. The latest weekly decline produced a short-term DTrend and established 113.86 as the active pivot low, while 136.58 is the reversal threshold for a new pivot high. The broader structure remains constructive above the rising 55-, 100-, and 200-week benchmarks, but the recent sequence reflects a sharp countertrend retracement from 154.08 and a wide, fast weekly range environment. Near-term structure is defined by 113.86 support, followed by 102.42 and 94.23, with 142.33 and 154.08 representing the principal overhead pivot resistance levels.