USO Update

As many of you probably remember, my expectation for USO after it failed to convingingly breakout, was for a pullback where it would be accumulated to take a second shot at resstance around $38.40-$38.50.

There are some initial signs USO is making a move.

 USO 5 min

 SCO-Ultrashort Crude 5 min

 UCO Ultralong Crude 5 min.