USO trade Update

If you took the intraday trade on USO, you'll be interested in this post.

 On a 1 min scale it looks like it will either consolidate or bounce toward the close, for intraday profits I'd have a tight trailing stop here.

 However the longer term harts show more deterioration today and this may very well turn in to a nice swing trade down.

Both charts above are now leading negative, the 1 min is strictly intraday, these other two charts have day to day ramifications.

The longer term charts beyond these timeframes remain negative.