Tuesday, May 17, 2011

USO

 USO was a bit tricky today with an intrady support zone stopped out, but it's .03% gain isn't reflective of its move today which was about 2.15% off the lows.

 The 10 min trend channel should work out okay for now as a trailing stop.

If you don't have my trend channel, try a 30 bar simple moving average on a 5 min chart.

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