USO is currently in a pronounced downtrend across all timeframes, as confirmed by both swing pivot structure and the alignment of all benchmark moving averages pointing lower. The most recent price action shows a moderate bounce off the recent swing low (66.98), but momentum remains average and the price is still below all key moving averages, indicating that rallies are being sold into rather than sustained. The ATR is elevated, reflecting increased volatility, while volume has picked up, suggesting active participation during this recent move. Resistance levels are stacked well above the current price, with the nearest at 71.18 and more significant barriers at 74.13 and higher. Support is defined at 66.98 and 65.96, which are recent swing lows. The overall structure suggests a market in a corrective phase within a broader bearish cycle, with no clear signs of reversal yet. The neutral readings on the session fib grids indicate a lack of directional conviction in the short and intermediate term, but the prevailing trend remains to the downside. This environment is characterized by choppy, volatile price action with a bias toward lower highs and lower lows, typical of a market in a corrective or distribution phase.