USO and Lessons Learned in Silver

USO is another that seems to have ended a cycle very quickly and prematurely, but the initial margin hike was seemingly taken much more serious this time then it was in silver. Whoever is behind these hikes seems to want to effect an outcome, that of lower prices in commodities, I don't think they want to take down 100's of funds n the process ad therefore allowed the funds some time to exit their positions before the next hike, but it seems the funds were not getting the message when it comes to the silver hikes. It looks like with the oil margin hike, they got the message and took the day allotted to them to exit positions and used it for that.

 USO 15 min-again another rather short cycle that ended abruptly.

 10 min chart, remember yesterday the change in character, here it is visible on a 10 min chart clearly.

 USO 5 min chart another abrupt change in character, but one that allowed funds to get out of the position probably a bit better then break even.

And the very abrupt 1 min chart.

From what I see, silver was the first hike, Wall Street didn't take it seriously so a series of hikes nearly every other day came down the line until they were forced to take it seriously. It seems with crude, lesson learned.