j_nathan

CL! Crude weekly MACD cross

Short
j_nathan Updated   
NYMEX:CL1!   Light Crude Oil Futures
noticed a recent MACD cross on crude weekly

looking deeper weekly MACD crosses have had powerful moves and this one has a Div to go along

DX is the current driver along with fundamentals
with increased productions this year one cant help but wonder if crude hit its ceiling last month

long target is $50 range
extension target is frankly ugly so I wont speculate those levels for now
Comment:
yumilicious
even todays 4hr gave another macd cross with a satisfied AB=C of a possible AB=CD pattern


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