USO Update...

Here's the updated Trend Channel

 This is my Demark inspired custom indicator for buy/sell, you see a buy to the left in green and a sell to the right in orange on this hourly chart. The hourly chart provides good signals for swing trends.

The Trend Channel is meant as a stop so it moves up to lock in profits and tell you when the trend has changed, it is now near $38.70 which is also lose to the intraday ascending triangle apex/breakout point of $38.80 which would suggest a failed breakout/head fake should USO break below that level, opening the door to a short/fade trade in something like SCO long.