Alright folks – I have been following $USO and the price of crude very closely of late.
I’m of the belief that crude is ready to drop – another 5-6% this week, and in the process, allow for those who took the short set up at recent highs, a great return for the risk. 
I’m still short on oil via USO and plan on holding it through tomorrow at least.
Below I’ve marked up a chart showing the various pullback scenarios that USO faces and what could come about in therms of a downside price target.
Here’s the USO pulbacks scenarios:
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