USO looks like a decent short here

Maybe a phased in position, an add to, etc. I always have a little feeling of caution when trading oil because of the fundamental risks, but after the EIA report and the charts, I like USO short in this area.

I'll follow up with some charts, you may want to consider a phased in approach in case we get higher prices later today after the F_O_M_C at 2 pm EDT.

I already have a PUT position and a full size short in the equities model portfolio.

Charts coming...