USO Hourly Chart 

Updated short term and intermediate term reversal level. USO continues to be the primary driver of the selling in stocks. It remains on a sell across the board. It is very oversold in here, but that doesn't mean it can't go lower. When a ST reversal happens, it could make for a nice short term bounce trade, as it could be a biggy. We'll see. Until then, drive it into the ground.


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