Friday, September 2, 2011

USO update

It seems like the 12:36 pot about re-entering USO short worked out.

 USO has moved lower since I re-entered the short on strength intraday.

The 1 min chart looks like a little bounce or consolidation is coming up. I do expect more downside though as far as the intermediate term goes. If we get a bounce here, t may be a chance to enter USO short.

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