Thursday, May 26, 2011

USO Update

 USO 1 min looks like a consolidation, maybe an intraday bounce thus far.

 5 min- The drop in 3C on the open as seen above, looks more like USO wants to pullback a bit here.

The longer term still looks like there should be more upside.

I'm trying to decide whether I'd close a USO position or ride it out at this point. I think I'm going to delay that decision to see what comes out of the 1 min chart.

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