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USO 15m Analysis - counter trend rally expectations

BATS:USO   UNITED STATES OIL FUND
101 0 0
As an addition to today's comments on USO , I have included another look at the 15m chart to give myself and others an idea of why I am thinking a counter trend rally ought to be expected going forward. $37.00 was an important level on the 2 hour chart and indeed a double bottom seems to be forming at that level. Gap, Fibs, Trend line and 200sma all suggest a target between $37.75 and $38.00 over coming sessions...
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