The overall stock market seems to be firming up. The USO is 71.47 coming close to support at the 70 area. With the stochastic under 20 and rising a short covering rally could be explosive. We are short 50 shares of USO and short OIL and could get hurt. so cover the USO, but hold on to the short position in OIL.
Buy to cover 50 shares USO @ 71.74
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