Entry Level for WTI

On the daily chart price bounced from up Bollinger Band and moved down. MACD falls and gives us direction for possible trades on hourly charts. We have to search signals for opening short trades. On 1H chart we can trade using setups for trend market conditions. Price bounced from MA100 and RSI confirms the reversal. MACD starts falling and gives a signal for opening a short trade below the signal candle. DMI allows open short trades. Entry level is 47.03 and stop above the swing high. Place a take profit order near the support level 46,50.

Trade closed: stop reached