USO

I've received several emails about USO, while I don't like USO up here especially where the EUR/USD is relative to USO and with the EIA report due out Thursday (as we have been near capacity for the last several weeks), I feel there's too much event risk in USO which is what it is responding to despite the legacy arbitrage FX correlation.

I also don't like USO long for the reasons stated above, I'd be patient with it because as of now, I see it as a gamble, not a high probability trade backed up by hard charts.