Quick USO Update

In the A.M. Update this morning I noted what looked to be a USO/Oil bounce, that looks to be ending at least intraday.

 Oil futures from this morning suggesting a bounce and now starting to fail.

In addition the USO intraday charts are starting to fail as well, 1 min

USO 2 min

That doesn't mean the issue of recent signal improvement is settled as either transitional or noise, a break below the $19 support level (exact) would go a long way toward settling the near term and intermediate term USO projections, leading to the longer term trade opportunity.