USO Update

I don't recall whether I updated USO earlier or not?

 USO 1 min negative for most of the day thus far.

 The 2 min has a potential area for a bounce, however it may be just that 3C hasn't moved down yet.

 The 5 min chart seems to signal continued weakness


 And the 15 min above and 60 min below signal longer term weakness in USO. However....

Look at any news site out there and the talk is Israel hitting Iran, if so, all bets are off on crude as it will likely explode. I have never seen anything move oil faster and against all correlations then bad news concerning Israel. So if you are in the trade, pay attention to that news, maybe consider a hedge or just stay very nimble.