WTI Trading Idea

Price bounced from a support level. We have reversal candlestick pattern and confirmation from RSI. MACD also reversed and gave a signal for long trades based on hourly charts. For signals based on daily chart it's better to wait when ADX starts falling. Profit target can be near reversal zone. If price bounces from MA20, MA100 or 44 level, we'll see down movement and new opportunities for trading.