As $USO goes $CVX $XOM will follow

USO is currently making a v-shape recovery back to it's previous highs. Unsure if it will return there but this is my idea.

If USO can get above the 61.8% on the fib around $134, I would say yes. Have you missed the entire move? No as it still will track back towards $150 before it will hit a bit of exhaustion, before another decision in the market is made.

Trade ideas CVX XOM