CL! Crude weekly MACD cross Short

Crude Oil FuturesNYMEX

Description

⋅ Feb 20, 2018 2:40 PM

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

⋅ Feb 20, 2018 9:36 PM

yumilicious
even todays 4hr gave another macd cross with a satisfied AB=C of a possible AB=CD pattern

Comments

rcarver62

⋅ Feb 20, 2018 5:57 PM

Are those MACD divergence indicators on the TV platform?

j_nathan

⋅ Feb 20, 2018 9:22 PM

@rcarver62, there may be some pay for code to hunt these but this was a manual study

Trading Technologies may be an option. Couple traders I know like their algo based services.

rcarver62

⋅ Feb 21, 2018 1:21 PM

@j_nathan, I have the code for think or swim just not sure it can make it into TV