$USO holding 117.50 area as potential support

Watching $USO closely around the 117.50 mark today. It's dipped to that level a couple of times and found some footing, which could indicate a short-term bottoming effort here. If it can hold this area and consolidate, we might see a bounce, but a sustained break below 117.00 would likely invalidate that idea for me and suggest further downside is in play. The intraday lows have been fairly consistent.