USO / UCO Follow Up

Here are the charts that caused me to close the UCO (leveraged long oil) for now, it looks like a pullback is coming and I'd rather not sit through a pullback in a leveraged trade if I can avoid it. On the plus side, it looks like it will be a constructive pullback and offer a better entry for another run higher.

 This was a speculative position to start with thus the smaller trade size, but a 9% profit in 2 days isn't too bad.

 UCO's 1 min chart is leaking off badly here, it may have some more upside, but this isn't the time to get greedy.

 The 3 min chart is seeing migration of that negative 1 min chart and not confirming this morning's move higher.

 The 10 min is just starting to see some negative migration as well as it didn't confirm today's move either.

However, with this 60 min positive divergence (small base) that is yet to really break out, I suspect I'll be looking to re-enter the trade long shortly (a couple of days maybe for a pullback).