The USO (crude oil ETN) long swing trade hit the maximum suggested stop of any move below 11.50 (i.e.- any print of 11.49) today for a 5.3% loss (or less, for those that took the alternative entry at S2). Previous & updated daily charts below:

USO remains on watch for another long entry as per my the following comment that I made in the trading room earlier today before the USO stop was hit:

Not liking the price action in crude over the past 24 hrs. /CL broke down below minor uptrend line support yesterday but is now testing very minor price support around 55.67. From the look of the 60-min charts, it appears that /CL might want to make a relatively quick flush-out move back down below the Nov 13th low to put in bullish divergence on the 60-min chart before mounting a substantial rally.
That might come very close to & possibly just below the suggested stop below 11.50 on USO but for now I will leave that stop as is. I’ll post an update to USO later today.