WTI is 34 bars since the last MACD
cross and it is the last line of defense using MIDAS. It is about time for a rebound, rebound target would be RSI
(14) 50 level which is about 46. At this level, it should produce a MACD gold
cross as well. We have to be wary of this cross as a dead cross below is deadly and should bring us to the final target of RSI
I do not think the MIDAS will hold on daily as the retrace is happening on weekly chart. Hence a lower target of $40-41 is more probable which is the MIDAS support on weekly chart.
Finally this rebound is best captured on the hourly chart.