Bullish divergence [USO] [PBR]

USO has put in a lower low than its March low.



But PBR is still above its March lows and it look like the sellers are drying up.  This is smelling like bullish divergence to me.

It's still a bit early to be definitive here but if you can buy at 6.06 and put in stops at 5.95 then you will certainly limit your downside while enabling yourself to collect on the coming C or 3 that will likely go to at least $14 from here.  The first wave up was motive and the recent wave down looks corrective.  You tell me what you think comes next....