USO United States Oil Fund LP Daily Chart Analysis: 2026-Aug-31 07:11 CT

Price Action

Last: 128.88,
Bars: Small,
Mom: Slow.

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 Above NTZ,
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: DTrend,
(Intermediate-Term) 2. HiLo Trend: UTrend,
3. Pvt. Evolve: Pvt low 125.41,
4. Pvt. Next: Pvt high 135.91,
5. Levels R: 154.08, 142.33, 135.91,
6. Levels S: 125.41, 113.86, 107.49, 102.42.

Daily Benchmarks

(Short-Term) 5 Day: 130.07 Up Trend,
(Short-Term) 10 Day: 130.34 Down Trend,
(Intermediate-Term) 20 Day: 126.74 Up Trend,
(Intermediate-Term) 55 Day: 124.96 Up Trend,
(Long-Term) 100 Day: 127.69 Up Trend,
(Long-Term) 200 Day: 105.48 Up Trend.

Additional Metrics

ATR: 829,
VOLMA: 2577640.

Overall Rating

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

Key Insights Summary

USO is consolidating near 128.88 after a sharp August rebound, with small daily bars and slow momentum reflecting a compression phase rather than an impulsive directional move. The short-term pivot state remains DTrend following rejection from the 135.91 swing high, while the intermediate HiLo structure remains UTrend and price holds above the rising 20-, 55-, 100-, and 200-day benchmarks. Price is above the August monthly NTZ, preserving constructive intermediate momentum, but remains below the 5- and 10-day benchmark cluster near 130.07-130.34. The immediate structure is bounded by 125.41 support and 135.91 resistance; the broader upside pivot levels are 142.33 and 154.08, while loss of the current swing-low area exposes the lower support sequence at 113.86, 107.49, and 102.42. Volume participation has remained comparatively subdued during the recent sideways action, consistent with a pause following the prior recovery advance.