USO has held up over the breakout level as support thus far, volume has been good on the breakout so it'll be interesting to see if this continues to hold.
The 1 min chart isn't showing what I' call distribution, in fact there appears to be a little accumulation going on, whether that is some inventory purchasing at low levels for a longer term view or an intraday move, I don't know I'd suspect the first as there's no real reason to lift USO if you can buy cheap as it holds support.
The 10 min is showing the dip and distribution into today, however, being the 1 min chart is not overtly negative, I'd suspect that this may be just picking up on the retail exodus.
The most important hourly hasn't seen any changes and remains in confirmation of the breakout.
For those who want to tighten up on a stop, here's an hourly trend channel stop that has held the breakout trend, if there's a failure below the lower line, then I might have some more concern.
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