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Long

USO can be scalped intraday, enter in bottom of channel.

AMEX:USO   UNITED STATES OIL FUND
Long 9.66 -9.81 area. Tight stops if scalping. Rinse and repeat. Breach of 9.64 could be a ss             trigger.
Lets see if the newest channel holds. If this area hold we will have confirmation of a new channel. USO could be bought here with a tight stop if you believe in the new channel.
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Channel floor holding for now. If this holds the trade will be cake.
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USO can be scalped intraday, enter in bottom of channel.
Key level for our chart here
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So Far so good
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