TheBull
Long

Crude oil going higher prices. Part 2

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
This is part 2. On weekly basis.

Look at the divergence here. Prices has falling since 2014, many oil             corporations are having difficulty. Presenting lower profits and so on. Rig counts are falling dramactly in US. That can press oil             prices up since more oil             rigs are shouting down. I think many of you already are aware of the fundamentals on oil             , so there is no need for presenting everything.

Look at MACD . It goes higher as prices went lower.

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