11am update - Oil looking vulnerable

Whilst equities are holding minor gains.. and set for a fourth consecutive net daily gain, there is notable cooling in Oil, which looks set to turn negative by the close. Metals are weak, Gold -$9... with the giant $1000 threshold still on track for this summer.


USO,60min

GLD,daily

Summary

*notable opening black-fail candle for Oil, the gap zone remains a rather natural downside target.. by Wednesday
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So.. equities are holding minor gains.... a US market that is no doubt being helped by the hyper-strong Asia markets.
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notable strength: NFLX +5.1%...   Go watch 'Daredevil' !

weakness: SINA -5.3%... not so pretty.. as the China leadership are upset at not enough being censored.
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*as well as USO, I also have eyes on INTC... which has earnings due tomorrow.