looks like trend is changing to bullish since broke out of trend

7 באפר׳ 2016

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 still has a way to go down but not much.I would consider going long when MACD hits -0.26