USO Heads Up

This may be the set-up described in recent USO posts, take yesterday's for example...USO Update

One of the things I was looking for was a move below the support area on higher volume...

 This morning we have a move below the most recent lows/support and on volume.

Here's a closer look on a 10 min chart.

And the 2 min 3C chart is not leading in a huge way, but still in a relatively positive area.

The 5 min chart however looks good and...

A close up of the area on a 5 min chart looks good.

This looks like the potential head fake move we were talking about in a USO long trade set up for a bounce.

I suspect we'll know for sure by the time the EIA inventories is out at 10:30, you might keep an eye on it.