I've been following United States Oil (NYSE:USO) and crude oil's price very closely.
And I think that crude is ready to drop -- another 5%-6% this week and, in the process, allow 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 Tuesday at least.
Below I've marked up a chart showing the various pullback scenarios that USO faces and what could come about in terms of a downside price target.