Referenced the idea from the Oct/Nov 2015 rally to now (Feb/March 2016 rally). If this heavily manipulated market holds true, we should rally higher into overbought territory - disregarding the overbought part. We'll see, this is speculative at the moment.
Doesn't take an expert to see that this is a bullish engulfing candle. This means that USO has a high probability of going higher after months long of pullback. Short term resistance is at 19.95. Mid-term is 22.19.