USO is currently exhibiting a slow momentum environment with medium-sized bars, indicating a lack of strong directional conviction. The short-term trend, as indicated by swing pivots and both the 5- and 10-day moving averages, is bearish, with price trading below these benchmarks and the most recent pivot trend pointing down. Intermediate-term signals are mixed: the 20-day moving average is in an uptrend, but the 55-day remains in a downtrend, and the HiLo swing trend is up, suggesting some underlying support or a possible base forming. Long-term moving averages (100- and 200-day) are both trending down, reinforcing a bearish bias for the broader trend. Resistance levels are clustered above, with significant levels at 73.70, 74.25, and higher, while support is established at 66.98 and 65.96. The ATR indicates moderate volatility, and volume is steady but not elevated, suggesting no major breakout or capitulation event. The price is currently within the monthly and weekly neutral zones, reflecting a consolidative or indecisive phase after a recent swing low. Overall, the chart reflects a market in transition: short-term pressure remains to the downside, but intermediate-term signals hint at potential stabilization or a developing base. Long-term structure is still bearish, so any rallies may face resistance from overhead supply and declining moving averages. The environment is characterized by choppy, range-bound action with no clear breakout or breakdown, making it a period of consolidation rather than trend continuation or reversal.