Crude Oil (CL) Short opportunity 5/31

Dolemite posted earlier that crude was entering resistance and I also agree and further that this might be the time to sell. On the daily chart on the left hand side, we can see the yellow trend line that had been used as resistance and support multiple times is the high for today, we also run into the lowest retracement of the May sell off. Looking closer on the hour chart we are seeing strong divergence in the MACD, shown by the purple trend lines. We also have a nice shooting star at the top of the hour divergence, always good to have a candlestick signal before you take any divergence for entry. I like shorting it here and at least taking it down to 100, if not to the bottom of this channel (@96)