United States Oil(USO)

United States Oil (USO) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for USO · data as of Aug 14, 2026. The chart above is live; the read below updates daily.

$126.60last close · Aug 14, 202652-week range $65.98 – $154.08 · 17.83% below the high

USO Triangle Pattern

USO is currently forming a triangle on the daily timeframe. Detected Aug 14, 2026.

A triangle is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $64.29 (−9.0%). Across 13,389 backtested triangles, the setup followed through 51.1% of the time, averaging +0.16R; USO's own triangles have hit 45.0%.

DirectionBearishTarget$64.29Projected move−9.0%Breakout level$70.43

New to this pattern? What a triangle is and how to trade it →

USO's Most Recent Triangle Trade

USO's most recent completed triangle resolved as a loss: it broke down on Dec 11, 2025 near $68.59, then was stopped out at $73.48 on Jan 13, 2026 — a -1.30R move (7.1%) over 21 sessions. Across 90 backtested triangles, this setup wins 50.0% of the time.

OutcomeLossResult-1.30REntry$68.59Exit$73.48

Learn about triangle

How Triangles Have Performed

Win rate

51.1%

Avg return

+0.16R

Backtested trades

13,389

USO win rate

45.0%

Historical pattern statistics (2006-08-14 – 2026-08-14), not a prediction.

How these backtests work →

USO Pattern Trade History

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	Dec 11, 2025 @ $68.59	Jan 13, 2026 @ $73.48	Loss	-1.30R
Triangle	Nov 20, 2025 @ $70.10	Jan 13, 2026 @ $73.48	Loss	-1.31R
Triangle	Sep 24, 2025 @ $75.88	Oct 2, 2025 @ $71.54	Loss	-1.37R
Triangle	Jul 28, 2025 @ $76.70	Aug 6, 2025 @ $73.79	Loss	-1.29R
Bullish Pennant	Jul 17, 2025 @ $75.89	Aug 6, 2025 @ $73.79	Loss	-1.11R
Triangle	Dec 30, 2024 @ $74.86	Jan 22, 2025 @ $80.43	Win	+1.92R
Triangle	Dec 16, 2024 @ $74.15	Jan 22, 2025 @ $80.43	Win	+1.51R
Rising Wedge	Mar 18, 2024 @ $77.02	Apr 15, 2024 @ $81.65	Win	+1.00R
Triangle	Jan 23, 2024 @ $69.61	Apr 15, 2024 @ $81.65	Win	+2.92R
Triangle	Jan 18, 2024 @ $68.36	Mar 5, 2024 @ $73.45	Win	+1.77R
Rising Wedge	Jul 28, 2023 @ $71.73	Sep 25, 2023 @ $80.39	Win	+1.67R
Rising Wedge	Jul 27, 2023 @ $71.43	Sep 25, 2023 @ $80.39	Win	+1.83R

Recent Triangles on Other Charts

XOPstopped −6.5%Aug 14, 2026 VNQstopped −2.7%Aug 11, 2026 APAstopped −13.1%Aug 10, 2026 CVNAstopped −12.4%Aug 10, 2026

Learn about triangle

USO Support and Resistance Levels

Price was turned away at a ceiling near $155.41 about 3 months ago and has been sliding since. On the weekly chart, the next floor below sits near $120.43 — still about 5% away.

Traders commonly watch $120.43 as a target (its 38.2% retracement) — think of it as a sensible next stop, not a guarantee.
That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
There's nothing to act on here — the spot to watch was the $155.41 ceiling about 3 months ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $120.43, resistance near $152.26. These are chart/swing-derived levels, not formula pivots.

Resistance

$152.26

Support

$120.43$104.68$104.07

USO Recent Daily Prices

Date	Open	High	Low	Close
Aug 14, 2026	$124.79	$126.92	$124.17	$126.60
Aug 13, 2026	$124.57	$126.96	$123.19	$125.03
Aug 12, 2026	$126.64	$127.83	$125.86	$127.30
Aug 11, 2026	$124.75	$127.85	$124.46	$127.61
Aug 10, 2026	$122.09	$126.28	$122.06	$125.92
Aug 7, 2026	$117.67	$120.10	$117.51	$117.98
Aug 6, 2026	$116.46	$119.73	$116.19	$118.87
Aug 5, 2026	$115.96	$116.01	$113.86	$114.88
Aug 4, 2026	$117.00	$117.62	$114.86	$115.78
Aug 3, 2026	$120.80	$122.86	$119.54	$122.12

USO Frequently Asked Questions

What chart pattern is USO forming right now?

As of Aug 14, 2026, TradingPal's detector identifies a triangle on United States Oil (USO) on the daily chart, with a measured-move target of $64.29.

Is a triangle bullish or bearish?

The triangle detected on USO is a bearish pattern, projecting a measured-move target of $64.29. See its full backtested track record above — that's the real edge, not the textbook label.

How reliable is a triangle pattern, and what is its win rate?

Across TradingPal's backtest of the triangle family (13,389 trades over 631 symbols), it resolved in the expected direction 51.1% of the time with an average of +0.16R. These are historical statistics, not a prediction.

What are the support and resistance levels for USO?

Based on auto-detected, swing-derived levels (as of Aug 14, 2026), USO's nearest support is around $120.43 and nearest resistance around $152.26.

What is the price target if USO's pattern breaks out?

The detected triangle has a geometry-based measured-move target of $64.29 (pattern height projected from the breakout). This is a technical target, not a recommendation.

What was USO's closing price on Aug 14, 2026?

United States Oil (USO) last closed at $126.60 on Aug 14, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.