USO Update-Trade Idea

USO also appears to be a shakeout, I'll be looking at some May $38 calls for a quick trade on the long side.

 It looks like the break of support in USO shook out the longs that entered in the white box area.


 USO 2 min would seem to suggest the stopped out long shares are accumulated.

The 5 min chart continues a sharper leading positive divergence.