USO 2 min with a leading positive, the negative on the highs yesterday was quite strong
3 min leading positive, again yesterday's highs was a strong divergence
5 min is leading, yesterday's highs also strong here
5 min close up of the leading positive
The 10 min is starting to lead positive
The 15 min hasn't seen that strength bleed through yet and is inline.
Maybe USO is going for a gap fill, maybe more. I personally am not interested in a new position here, if you are I think you need to be nimble and consider the Chinese data dump tomorrow.
If the 15 min chart goes positive then I might reconsider. If you do try this long, I'd strongly rec'd it be a speculative trade with a trailing stop, but not too tight
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