USO Update/Trade

Remember we were looking for USO to fill the gap created Wednesday and if you listened to my thoughts, (if not already short USO) you would have a partial position. For me, (so long as I can stand the uncertainty of mid-east events over the long weekend), this is a nice looking spot to add another 25% to the short via long SCO/DTO bringing the total planned position to 50%.

 The USO gap is nearly filled today, just off by a little.

 Short term 3C on USO is negative

 Today's intraday is negative (reversal to the downside)

And the 15 min chart is negative.

Something to consider.