Thoughts on USO and the oil complex right now

Been watching $USO today and it's holding up fairly well considering the broader market jitters. The range has been pretty tight, 117.51-120.09. What's interesting to me is how it's hovering right around that 118 mark. If we can get a sustained break above 120 and hold it, I think we could see another leg up in the oil complex. On the flip side, a convincing close below 117.50, especially if accompanied by increased volume, would definitely make me rethink that scenario. It’s been a tricky one to read lately, but those seem like the key levels to watch for me.