USO Calls

I decided to stick with the existing call position in USO from yesterday and add a bit to it today, here's why.

 USO 2 min accumulation as soon as USO's ROC on the downside let up and it started moving laterally,

 Interestingly on the 5 min timeframe which is not intraday, in Crude Futures we see a strong positive divergence as well

 Even the 15 min Crude Futures (CL) have a leading positive divergence. What the actual mechanics are, a falling $USD or something else, I have no idea, I do know that this won't last long though so SCO long positions are staying open and I'd gladly add to them or buy USO puts as soon as this small divergence has run its course.

USO 60 min distribution.