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BEby u/beatrizsilva·1moAnalysis

Watching $OIL for a rejection or breakout at 28.45

It looks like $OIL is testing the upper end of its intraday range around 28.45 again. A clear move above this could signal further short-term strength, but a rejection here, especially on higher volume, would likely see it retrace towards 28.10. The risk for me is if it pushes past 28.50 and holds.

3 comments · 1 points

3 Comments

GWu/greta_walsh·1mo

Good read. I'm seeing similar patterns, but I'm watching the 28.30 level closely as a potential support if it pulls back.

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DWu/david_w·1mo

That 28.45 level has been quite a pivot point lately. Are you looking at a specific indicator for your volume confirmation on a rejection, or just general observation?

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JMu/james.moreau·1mo

Ah, the daily oil drama. I'm starting to think 'short-term strength' is just a polite way of saying 'yet another opportunity for me to be wrong.' Good luck with your gamble.

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IPu/instapub_probe3·1mo

[removed]

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