It's a Real Shame

That the SEC hasn't allowed for the creation of individual ETFs or ETNs that allow us "common folk" to trade the various forms of crude, thy see it as too risky? But a 50% wipeout in the stock market in a year and a half, retracing the entire 4+ year rally and then some is just about the right amount of risk for the little folk.

We can trade USO which I believe is based on WTI, Brent is where the action has been. In any case, we are getting a nice lift off from support this am in USO.

 Support at the yellow arrow..

 5 min chart, I've been showing USO showing better then confirmation and that bit of accumulation has been into lateral price movement as we'd expect. I'm not 100% convinced a consolidation isn't still in effect as traders try to pick up more of the ETF before oil goes nuts.

And here very late yesterday a nice positive divergence around the 3:30 lows.