USO (crude oil ETN) hit & reversed (i.e.- a reaction as expected per yesterday’s arrow break at that level) off the 79.20 target/support with any push back to this gap resistance zone offering an objective add-on, re-entry, or new short entry. Previous (yesterday) & updated USO 60-minute chart below.
USO 60m July 9th
USO 60m July 10th
For futures traders, /CL will offer an objective add-on, re-entry, or new short entry on this bounce back to the 82.75-83.32ish resistance zone for a drop to the next target of 80.20 on this 60-minute chart below.
CL 60m July 10th