USO bouncing back? My thoughts for next week

Been watching $USO closely today, with that +1.26% move. It hit 126.6, up from its daily low of 124.17. While it’s good to see it claw back some ground, I’m still leaning bearish on it pushing much further beyond 128 in the short term. I'd give it maybe a 35% chance of closing above 128 by end of next week. The overall macro picture still points to some demand weakness, and while we're seeing some day-to-day volatility, I just don't see a strong catalyst for a sustained breakout right now. Could be a good range to play though, if it stays within that 125-128 band.