USO is currently exhibiting a mixed technical structure. Price action has rebounded from recent swing lows, with medium-sized bars and average momentum, suggesting a stabilization phase after a prior sell-off. The short-term swing pivot trend has shifted to an uptrend, supported by the 5, 10, and 20-day moving averages all trending higher. However, intermediate and long-term benchmarks (55, 100, and 200-day MAs) remain in downtrends, reflecting persistent bearish pressure on a broader timeframe. Swing pivot resistance levels are clustered above, with significant overhead supply between 72.68 and 84.46, while support is established at 68.98 and below. The intermediate-term HiLo trend remains down, indicating that rallies may face resistance and could be corrective within a larger bearish structure. The ATR and volume metrics suggest moderate volatility and participation. Overall, the chart reflects a market in short-term recovery mode within a longer-term bearish context. The current environment is characterized by choppy, range-bound price action, with potential for further consolidation unless a decisive breakout above key resistance or breakdown below support occurs. Swing traders should note the potential for mean reversion and the importance of monitoring for trend continuation or reversal signals as the market tests these pivotal levels.