USO is exhibiting pronounced volatility with large weekly bars and fast momentum, reflecting a strong move to the downside. The most recent swing pivot has established a new low at 68.97, with the next potential resistance at 73.44. All benchmark moving averages across short, intermediate, and long-term horizons are trending down, reinforcing a bearish technical structure. Despite the intermediate-term HiLo trend showing an uptrend, the prevailing price action and swing pivot direction are dominated by downward pressure. The price is currently trading below all major moving averages, and the chart is characterized by a series of lower highs and lower lows, typical of a bearish cycle. The neutral stance of the session fib grids (WSFG, MSFG, YSFG) suggests a lack of clear directional conviction in the broader context, but the immediate technicals favor continued weakness. The market appears to be in a corrective or consolidation phase within a larger downtrend, with key support levels in the low 60s and resistance clustered in the low to mid-70s. This environment may continue to produce choppy, volatile swings, with the potential for further downside tests unless a significant reversal signal emerges.