start building short position MACD at .80 on 4hr

11. Apr. 2016

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 8-27-15 but its not likely.So watch out bulls indicator are not on your side but fundamentals are for now .