Thursday, March 17, 2011

USO Higher Since Tuesday's Reversal Signal

USO has gapped up to 2+% this morning since we identified accumulation and called a reversal Tuesday as USO hit our expected downside target. The move thus far looks solid.

 The move since our reversal call

 This morning's gap is confirmed

In the white box you can see accumulation, this was the reversal call day.

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