USO Update

I think the decision to release crude from the Strategic Petroleum Reserve was an opportunity. I just can't see the rationale in the decision and t seems the market feels much the same.

 USO 60 mn positive divergence

 USO 15 min positive divergence

And a 10 min positive divergence with confirmation.

It would seem to me that USO has some upside over the short to intermediate term, should Iran/OPEC announce cuts, watch out above.