USO Update

 USO has decisively broken out of the triangle, volume on the day looks like it will be substantially heavier then yesterday.

 While a 1 min chart shows no volume spike at resistance, when volume is cumulated on a 10-min chart there's an obvious increase which is what USO has been in need of.

Another DOE Counter-intuitive trade? Or just the dollar? There seems to have been a slight positive divergence at the initial knee jerk move down, however, the Dollar must be influencing the trade.

That's quite a move down in the dollar compared to normal intraday action.

As to SQNM, it keeps making new highs on the day and is close to taking out a downtrend line.