USO Update

Yesterday I entered some USO calls on some positive divergence, the EIA report came in with a build, although I have no idea what consensus was. In any case, shortly thereafter my calls got smoked as USO tumbled.

Did I sell the calls? No. Am I being stubborn? No.

Here's why I continue to hold USO calls.

 Here's the 2 min chart with a leading positive divergence, stronger than yesterday's

Here's the 5 min chart with a leading positive divergence much stronger than yesterday's. This is why I continue to hold the May calls.