Friday, May 6, 2011

Watching USO

In the last post on USO I mentioned it may have been a rumor ploy to pick up some shares on the cheap and I'd be watching, here' what I've seen so far, not a smoking gun, but worth mentioning.
 1 min positive divergences in 3C and RSI

 2 min positive 3C divergence

And a relative positive divergence on the 15 min chart in 3C and RSI.

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