USO Update

Yesterday's USO Post the charts showed USO improving for a move up.

Here's what USO is looking like right now.

 The 1 min chart is the only one not in line-there could be a little more retracement in intrady trade.

 However, even though it was a short period of accumulation, it seems to be a rather strong period (5 min)

 The 15 min chart is in a leading positive divergence.

Now the positive positioning of 3C has made it to the 30 min chart.

This may be a quick run into the EIA Petroleum report tomorrow at 10:30. We'll want to keep an eye on that if you went long USO.