WTI Price Analysis: Bears target the demand zone from monthly perspective

• WTI bears target the monthly W-formations neckline. 
• The 4-hour chart's support structure has been broken and retested.

WTI is ripe from a short side perspective as it consolidates at long term resistance following a W-formation on the monthly chart and targets the neckline of the formation to the downside as follows:

Monthly chart

The following is a top-down analysis that tracks the time frames and arrives a selling opportunity and set-up:

Weekly chart

There is weekly support for which can be targetted first. 

Daily chart

The daily chart offers the target point. 

4-hour chart

The 4-hour chart enables the trader to track the price from the structure and enter at a high volume area now that te support has been broken and restest. 

A stop loss higher and above the 78.2% Fib offers a 1:3 risk to reward high probability set-up.