"MACD generates bullish signals from three main sources: 1....

"MACD generates bullish signals from three main sources:

1. Positive Divergence

2. Bullish Moving Average Crossover

3. Bullish Centerline Crossover

Positive Divergences are probably the least common of the three signals, but are usually the most reliable, and lead to the biggest moves."

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve





Monday's Positive Divergence followed by today's Bullish Moving Average Crossover look to have confirmed the end of the recent downtrend.

All that's needed now is a convergence with positive fundamental oil news and we should get the trifecta, (a Bullish Centerline Crossover), with a return to rising positive momentum.

IMO, DYOR
Regards
Chalea