USO and DOE Report @ 10:30 a.m.

We will get to the market, which I showed you yesterday, was acting beyond strange and we will get to a
VERY timely post late last night that proves GS is now so intertwined in Italian and EU politics, that they seem to (95% chance) be trading on inside information in the Dark Pools.

First USO which in itself has been extremely strange. The DOE leak is one we have traded successfully many times using 3C

 First USO normally trades with the Euro, a strong Euro= a weak dollar=higher energy prices to compensate as oil is traded exclusively in $USD. Here the recent divergence between the correlation, take notice of the location. As to why, it could be the Fed is printing devaluing the dollar, it could be Iran/Israel or it could just be a total head fake set up, but take note of WHEN the change occurred.

 USO should trade the opposite of the dollar index in  red, note it has recently trade exactly with it, red flag, take note of the time it started.

 USO is in a very bearish ascending wedge, the head fake would be an upside breakout, that happened today.

 The 1 min 3C chart ZERO confirmation, just the opposite.

 Same with the 2 min chart.

 Same with the 5 min chart.

 The 10 min chart starts to reveal when the divergence started, about the same time the FX correlation reversed 180 degrees.

 The 15 min chart shows the exact same, it was ontrack with a proper divergence as the Euro turned down, but then the correlation to FX broke, 3C was right here and predicted what USO should have done based on the break in the Euro.

 The 30 min chart shows the same timeframe when everything was turned upside down.

 And the 60 min chart has had weeks to get in line, it hasn't

 Here's SCO the Crude short, with a positive divergence this am

 An even longer 5 min positive

And a 30 min positive based on the same timeframe as the broken USO correlation, PAY ATTENTION to the 10:30 release and trade shortly thereafter.