USO is Another

I think USO will fill it's gap down from this morning, but considering the action in the $USD, USO is going the wrong way.

 Typically a drop in the $USD forces oil prices higher as oil is priced and sold in $USDs.

This is the intraday USO chart.

The 3 min  as well

I had a USO put and DTO (double short crude) long that I closed on the 29th at a profit after seeing a positive divergence building there and USO did move higher, but it looks like this run is coming to its end.

This is the longer term view of USO and part of the reason I decided to enter it when I did last month despite the problems in Egypt.

Another for the Watchlist.