United States Oil (NYSE:USO), if seasonality repeats then we may bottom in March a couple weeks before April and then rise into summer. Here's my weekly chart of of USO.

USO didn't clear last week's high of 9.07 this morning. It's dancing on the border of breakout. The weekly chart is showing hints of stronger buying. I won't factor in the news.

A report pushed it higher even though Iran refused caps. Maybe it's just me but the US reducing by 600k? barrels doesn't seem to offset Iran's goal of 4mil barrels target in a slowing world economy. 

I'll trade whatever is given and today is a half-hearted vote for bullishness as far as $USO is concerned. I will watch for a break around 9.10 or 8.30. 

Trade Safe, 

@BDSound