
USO has recently experienced a sharp rally off the lows, with large, fast momentum bars pushing price back above key short-term and intermediate-term moving averages. The short-term and intermediate-term swing pivot trends have both flipped to uptrends, with the most recent pivot high at 73.12 and the next key support at 71.65. Resistance levels are stacked above, with major swing highs at 74.25, 78.32, 81.13, and 83.46. The 20-day moving average has turned up, and both the 5- and 10-day MAs are in uptrends, confirming the short-term bullish momentum. However, the 55-, 100-, and 200-day moving averages remain in downtrends, indicating that the longer-term structure is still neutral to bearish and that this move could be a countertrend rally within a broader consolidation or corrective phase. Volatility (ATR) is elevated, and volume has picked up, suggesting increased participation. The price is currently in a neutral zone on the session fib grids, with no clear bias from the monthly or yearly grids. Overall, the chart reflects a strong short-term recovery, but the longer-term trend context remains mixed, with significant resistance overhead and the potential for further consolidation or range-bound action.