🛢️ USOIL 10th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 71.44

🎯 Critical Price Zones

Support Below DCMP:

✅ 70.57 | 70.35 | 70.00 (Demand Cluster)

Resistance Above DCMP:

⛔️ 71.28 | 71.50 | 71.86 (Supply Zone)

📊 Technical Snapshot

Key Reference Levels:

Immediate Floor: 70.39

Ceiling Threshold: 72.18

Fibonacci Framework:

38.2% Retracement: 67.49

161.8% Extension: 76.88

Momentum Indicators:

RSI: 44.7 (Bearish momentum building)

MACD: Bearish crossover confirmed on 4H chart

💡 Trade Opportunities

🟢 Intraday Buy Setup

Entry: 70.39 🎯

Stop Loss: 69.28 🔴

Take Profit 1: 71.50 💰 (1:2.8 R/R)

Take Profit 2: 72.87 💰💰

Catalyst: OPEC+ production cut rumors + bullish hammer pattern at support

🔴 Intraday Sell Setup

Entry: 72.18 🎯

Stop Loss: 73.98 🔴

Take Profit 1: 70.93 💰

Take Profit 2: 70.00 💰💰

Trigger: Bearish inventory build-up + weakening demand outlook

📉 Swing Reference Levels

Swing High: 80.73 (Key Breakout Level)

Swing Low: 72.87 (Critical Support)

💬 Market Pulse

USOIL consolidates near 71.44 amid mixed supply-demand signals. Bulls need sustained move above 72.18 to target 72.87, while bears aim for 70.39 support. Monitor EIA crude stocks data and Middle East supply risks.

⚠️ Alert: Use 1.5:1 risk-reward ratio given heightened geopolitical volatility. Price likely to test 70.39-72.18 range before OPEC+ meeting outcome.

Key Drivers to Watch:

US strategic petroleum reserve releases

China refinery throughput data

Iran nuclear deal progress

Hurricane season disruptions