The USO (crude oil ETN) short trade has just hit the final price target, T3 at 12.15, for an 8.6% profit. With crude oil is now approaching key support, the odds for a snapback rally rise considerably with each tick lower at this point. As this was the final price target, USO along with all related posts on this trade will now be moved to the Completed Trades archives for future reference. Initial 120-minute & updated 60-minute charts below:

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