United States OilUSO
Auto-detected technical analysis for USO · data as of Aug 28, 2026. The chart above is live; the read below updates daily.
USO just broke higher out of a symmetrical triangle — a brief, tidy pause inside a strong run. That's usually a breather before another push up.
As long as price stays above $128.0, the setup is intact — if it trades back below there, the trade is over.
A natural first target sits near $175.9 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and when a day closes below it, step aside at the next open.
USO is currently forming a triangle on the daily timeframe. Detected Aug 28, 2026.
New to this pattern? What a triangle is and how to trade it →
USO's most recent completed triangle resolved as a win: it broke higher on Sep 1, 2026 near $137.19, then reached its target at $157.45 on Nov 3, 2026 — a 14.8% move (+2.20R) over 44 sessions. Across 174,480 backtested triangles, this setup wins 40.9% of the time.
Every completed pattern trade our nightly backtest found on USO's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Triangle | Sep 1, 2026 @ $137.19 | Nov 3, 2026 @ $157.44 | Win | +21.4% · +2.20R |
| Rising wedge | Jun 11, 2026 @ $129.16 | Jul 23, 2026 @ $141.42 | Loss | +24.2% · -1.00R |
| Rising wedge | May 7, 2026 @ $128.77 | May 18, 2026 @ $151.63 | Loss | +16.3% · -1.00R |
| Rising wedge | Mar 2, 2026 @ $87.62 | Mar 24, 2026 @ $115.22 | Win | +8.9% · +2.88R |
| Falling wedge | Jan 21, 2026 @ $73.20 | Feb 13, 2026 @ $76.12 | Win | +6.2% · +1.79R |
| Falling wedge | Dec 15, 2025 @ $67.92 | Jan 13, 2026 @ $72.78 | Loss | +3.1% · -1.10R |
| Falling wedge | Dec 5, 2025 @ $72.27 | Dec 10, 2025 @ $69.43 | Loss | +3.1% · -1.47R |
| Triangle | Nov 25, 2025 @ $68.95 | Jan 13, 2026 @ $72.78 | Loss | +6.9% · -1.03R |
| Falling wedge | Nov 18, 2025 @ $72.03 | Nov 20, 2025 @ $71.27 | Loss | +9.8% · -0.84R |
| Falling wedge | Oct 10, 2025 @ $70.64 | Oct 24, 2025 @ $74.13 | Loss | +14.1% · -1.00R |
| Falling wedge | Sep 24, 2025 @ $76.48 | Oct 3, 2025 @ $71.77 | Loss | +4.6% · -1.25R |
| Falling wedge | Sep 10, 2025 @ $74.39 | Oct 3, 2025 @ $71.77 | Loss | +8.9% · -1.44R |
Historical examples from the published simulation. This selection is not a win-rate sample.
Price found a floor near $121.59 about 2 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $205.74 — still about 59% away.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Aug 28, 2026 | $128.13 | $130.14 | $128.00 | $129.70 |
| Aug 27, 2026 | $128.15 | $130.96 | $127.48 | $130.01 |
| Aug 26, 2026 | $125.47 | $129.46 | $125.41 | $127.35 |
| Aug 25, 2026 | $128.09 | $129.71 | $126.09 | $126.15 |
| Aug 24, 2026 | $133.50 | $133.74 | $131.15 | $132.21 |
| Aug 21, 2026 | $134.98 | $135.91 | $133.89 | $134.64 |
| Aug 20, 2026 | $134.71 | $135.17 | $133.14 | $134.54 |
| Aug 19, 2026 | $131.17 | $133.36 | $130.44 | $130.91 |
| Aug 18, 2026 | $131.61 | $132.25 | $130.14 | $130.66 |
| Aug 17, 2026 | $127.29 | $130.57 | $126.37 | $130.29 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.