A lot of USO requests

Like I said in recent posts, clarity will be difficult as Wall Street tries to digest events. What appears to be a good thing for oil may not be and knee jerk reactions are bound to continue until Wal Street forms an opinion and moves toward discounting it. The bullish longer charts won't matter too much until then.

Here's the short term.

 There may have been some front running Mubarak's fall as you see a 3C negative divergence right before  he announced he's stepping down. We've seen the longer term accumulation which leaves Wall Street in a pickle as they probably can't afford oil dropping on highly leveraged trades.

Knee jerk reaction, but it's stabilized pretty quickly.