USO United States Oil Fund LP Weekly Chart Analysis: 2026-Aug-24 07:11 CT

Price Action

• Last: 136.80,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Aug

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

YSFG Year 2026

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

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 136.80,
• 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: Bullish,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

USO is displaying a high-volatility futures-style swing structure, with large weekly ranges and rapid reversals following the sharp 2026 expansion from the prior 66.00-73.00 yearly balance area. Price at 136.80 remains above every benchmark average and well above the yearly NTZ, preserving a broad upside regime. The short-term pivot remains DTrend because the 154.08 swing high has not been exceeded, while the rebound from 102.42 to 142.33 and subsequent pullback to 113.86 has created a wide, two-sided consolidation. Resistance is layered at 142.33 and 154.08; 113.86 is the nearest structural support, followed by 102.42 and 94.23. The intermediate HiLo structure is neutral due to the still-unresolved sequence of extreme highs and lows, but the rising 20-, 55-, 100-, and 200-period benchmarks maintain positive trend alignment.