There is a very nice retest taking place on USO and its rising trend-line off of the February lows. 
We’ve seen oil in the past, crush through many technical barriers to the downside, and I’m not even sure I want to play this bounce at this moment, but the temptation is definitely there.
If oil can hold this into the close, and it appears that it will, that bodes well for a continued market bounce tomorrow as well.
Here’s the oil trade setup – simply put your stop-loss below the rising trend-line, and let it ride.
