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

Daily Current Market Price (DCMP): 66.60

Price above DCMP faces resistance | Price below DCMP finds support

🔑 Critical Price Zones

Immediate Resistance: 67.60 → 67.89 (Breakout Threshold)

Major Resistance Cluster: 69.14 (Multi-Session Barrier)

Immediate Support: 66.33 → 65.58 (Strategic Demand Zone)

Swing High: 73.11 | Swing Low: 65.25

🔍 Technical Outlook

Fibonacci Confluence:

61.8% retracement at 65.58 aligns with historical accumulation zone.

38.2% extension at 67.60 coincides with options liquidity pool.

Momentum Dynamics:

RSI: Neutral at 49 (No directional bias)

MACD: Bearish histogram contraction near baseline signals trend exhaustion.

Price Architecture:

DCMP (66.60) balances between weekly pivot (67.60) and support (65.58).

Sustained closes above 67.89 may trigger short-covering toward 68.37.

💡 Intraday Trade Setups

🟢 Intraday Buy Setup

Entry: 65.58 🎯 (Fibonacci & Pivot Confluence)

Stop Loss: 64.32 ⛔ (Below Swing Low)

Take Profit 1: 66.33 ✅ (Immediate Support Flip)

Take Profit 2: 67.11 ✅ (Daily Pivot Retest)

Rationale:

Institutional footprint detected at 65.58 via cumulative delta analysis.

Bullish divergence between price and volume oscillator on 4H chart.

🔴 Intraday Sell Setup

Entry: 67.60 🎯 (Weekly Pivot Resistance)

Stop Loss: 68.37 ⛔ (Above Key Fib Level)

Take Profit 1: 66.60 ✅ (DCMP Reversion)

Take Profit 2: 65.85 ✅ (Orderbook Liquidity Zone)

Rationale:

Unfilled fair value gap observed between 67.60-67.89 on volume profile.

Bearish alignment of 20/50EMA on daily timeframe.

⚠️ Risk Parameters

Position sizing: ≤1.8% account risk per trade

Trailing stop activation at TP1 achievement

Avoid trading during API/EIA inventory reports (Wed 16:30 UTC)

📉 Fundamental Drivers

USOIL balances Middle East supply risks against weak China demand. Break above 67.89 could target 68.37, while failure at 65.58 may test 65.25 swing low. Monitor March 12 OPEC monthly report.

Note: Resistance at 69.14 aligns with CME futures contract rollover zone.

Key Technical Tools:

Fibonacci retracement/extension cluster analysis

Volume-weighted average price (VWAP) channels

EMA confluence mapping (20/50/200 periods)

Market profile value area calculations

Trade Discipline Reminder: Always validate setups with real-time order flow data. 🎯