USO (crude oil ETF) has now back-filled today’s gap & currently offers another objective short entry or add-on for a USO or UWTI short trade at current levels for a swing trade down to either T1 and/or T2. Suggested stop remains any move above 12.35.


Note: The $WTIC (light crude oil) daily chart below is an EOD chart, showing prices as of yesterday’s close although WTI is still trading below the wedge pattern today.