WTI Trading Idea

Jan 15, 2017This trading idea is based on the daily chart of WTI and technical tools like trend lines and support/resistance levels. We can think about possible price action and find entry levels for future trades. The price bounced from the uptrend line and the support level. It can be a good entry level for long trades with target at the resistance level 56.00. Stop orders must be placed below 51.50. If price breaks the uptrend line and the support level, we'll see down movement and trading opportunity for opening short trades.