USO UPDATE

The first 3 charts all confirm that there has been a negative character to USO as expected most of the day, but late day we are seeing some positive divergences, most likely for a bounce as the 4th chart, the 15 minute, which warned us of a USO downside move is still negative.

3C 1 min

3C 5 min

3C 10 min

And the 15 minute remains negative suggesting at this point we will see an upside bounce tomorrow, maybe a little bit into the close here. I do not expect to see much more then that at this time judging from these charts.