WTI Trading Idea

The level 43 is the previous swing low. It can be good entry level for short trades if price breaks it. MACD falls and confirms down movement. DMI allows open short trades. If ADX rises above 20, we'll have good confirmation of down movement. Profit target is the support level. As for possible long trades, we'll need price reversal from 43. RSI will need to reverse and confirm price bouncing. MACD will have to start rising and confirm up movement. Stop orders should be placed below 43 and profit target orders near the resistance level.