wafflehouseinthe212

wafflehouseinthe212

Im just showing the past history of the mac d at -0.60 ,-0.70 is a good place to go long to catch a short pop up to resistance level which i think would be 44.64 Only if eia inventories are down.Then you got FOMC meeting so there a lot that could move the price in either direction but going by indicator says its a for sure buy.I would buy a little today to avoid...

wafflehouseinthe212

short macd crossover short term fall

wafflehouseinthe212

MACD has worked very good for me in the past in the long term

wafflehouseinthe212

Put it on your watch list and watch the moves.this week

wafflehouseinthe212

OPEC meeting failed to meet production cut.This will set fundamentals back to bearish.Lets see break oil 37.50 on Monday might be a little rebound but i could see oil go back to 35.97 by Tuesday.Then i consider a long position when MACD reaches -0.45 on 4hr

wafflehouseinthe212

Broke down bullish trend line lets oil break 39;60 today and 38:60 by monday if OPEC goes like alway no resolution on production like 11-04-15 MACD still bearish

wafflehouseinthe212

it over for long.notice the flat top the same as 3-22-16 which signals bulls are tired.MACD is crossing over too bear

wafflehouseinthe212

Oil still has good fundamentals going for it right but barely anything little happen to change the trend back downward.I would start think about a short position @ 40.60, 41.25, 41.64 for the next few days especially torrow if its up again.Look at the MACD history anytime its above .66 is bearish its .80 it can go up to 1.00 or higher if we have a rally like...

wafflehouseinthe212 Updated 

I would short MACD at .60-.65 and RSI is already max out but rig count could drive it up to 41 but I expect a retracement back to 38.66 if rig count numbers are up which is a unlikely but possible.

wafflehouseinthe212

looks like trend is changing to bullish since it broke out of the downward trend line.if oil closes above 36.97 then it will be a bullish but if close below 36.97 then we could test 36.25.This is pivotal point.I wouldn't hold a position either way but oil is more likely going to go up on assumption that the rig count will be negative. The MACD shows that oil...

wafflehouseinthe212

shorting now at 37.65 macD and rsi max out selling -short AT 36.89

wafflehouseinthe212

right chart time for prevoius idea

wafflehouseinthe212

Look goods for a long based off what the two moves have in common if today stays a green wick