Long USO? Be Careful

Be careful, at least until tomorrow before the Inventories report, another report we often find hidden signals in. This looks more to be FX related though, which has other market implications.

 USO 1 min taking a swan dive

 USO 2 min leading negative

 USO 5 min leading negative

 USO 10 min relative negative

 USO 30 min leading and relative negative

 USO 60 min leading negative

 SCO Ultra Short Crude-leading positive 1 min

 Leading positive 10 min

Starting to lead positive 15 min...

Act accordingly.