The oil macd weekly needs the 12 week (red) X the 26 week (black). It’s approx a 18-24mo cycle..

See below that the USD from (Oct-on) won’t be helping oil to stay up as in 2017.

1.    The USD falling from Jan to Sep was a big boost to SPY returns hence

no pullbacks in  2017.

USD has turned up since Nov 28 with the Fed’s comments: