📊 USOIL 13th January 2025 Daily Analysis Based on Main Key Levels

USOIL is currently trading at a Daily Current Market Price (DCMP) of 78.13, near critical resistance and support levels. This detailed analysis highlights actionable trade setups based on technical indicators such as Fibonacci retracement, RSI divergence, and MACD crossing. Traders can use this structured approach to refine their strategies and maximize profit potential.

🔍 Key Levels Overview

Resistance Levels (Above DCMP):

🔴 Resistance 1: 78.78

🔴 Resistance 2: 79.88

🔴 Resistance 3: 80.67

Support Levels (Below DCMP):

🟢 Support 1: 77.62

🟢 Support 2: 76.13

🟢 Support 3: 75.74

Swing Levels:

Swing High: 71.38

Swing Low: 72.87

🔍 Technical Analysis of USOIL

The Daily Current Market Price (DCMP) of 78.13 lies between key resistance and support levels. These levels provide structured zones for potential intraday buy and sell opportunities.

Key Technical Indicators:

Fibonacci Levels: Both resistance and support levels align with Fibonacci retracement and extension zones, confirming their reliability for trade setups.

RSI Divergence: RSI currently indicates neutral momentum, with no significant overbought or oversold signals.

MACD Crossing: MACD suggests a slight bearish bias, indicating a potential pullback before resuming upward momentum.

🔍 Trade Setups for USOIL

Intraday Buy Trade Setup

📍 Entry Price: 🟢 77.62

🛡️ Stop Loss: 🛑 76.13

🎯 Take Profit 1: 🟢 78.45

💰 Take Profit 2: 🟢 79.88

This trade setup leverages the strong support level at 77.62, which aligns with Fibonacci retracement levels and pivot zones. MACD suggests potential bullish momentum near this area.

Intraday Sell Trade Setup

📍 Entry Price: 🔴 78.78

🛡️ Stop Loss: 🛑 79.88

🎯 Take Profit 1: 🔴 77.62

💰 Take Profit 2: 🔴 76.13

This trade setup focuses on the resistance level at 78.78, which aligns with Fibonacci extension levels and pivot zones. RSI hints at potential overbought conditions near this level, supported by a bearish MACD outlook.

🔍 Summary of Support and Resistance Levels

Resistance Levels: 78.78, 79.88, 80.67

Support Levels: 77.62, 76.13, 75.74

Swing Levels: Swing High: 71.38, Swing Low: 72.87

Conclusion

USOIL is trading near pivotal levels, offering structured opportunities for both intraday buying and selling. The support zone at 77.62 and the resistance level at 78.78 are key areas for traders to monitor. By incorporating technical indicators such as Fibonacci retracement, RSI divergence, and MACD, traders can make well-informed decisions and enhance their trading strategies.