🛢️ USOIL 13th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 67.44

Critical Price Zones

Above DCMP (Resistance):

Immediate Resistance: 67.60

Major Resistance: 68.88 🚩

Swing High: 73.11

Below DCMP (Support):

Immediate Support: 66.59

Major Support: 65.25 🚩

Swing Low: 65.25

Technical Analysis Snapshot 🔍

Fibonacci Levels:

61.8% retracement aligns with resistance at 68.88; 38.2% supports at 65.25.

RSI Divergence:

RSI (48) neutral but shows bearish divergence near resistance cluster.

MACD Crossover:

Bearish histogram below the signal line confirms short-term downside momentum.

Intraday Trade Setups ⚡

Trade Idea 1: Intraday Buy

Entry: 65.58 📍

Stop Loss: 64.32 🔴

Take Profit 1: 66.59 🟢

Take Profit 2: 67.22 🟢

Rationale: Strong confluence at Fib support (65.25) and weekly pivot support (65.58).

Trade Idea 2: Intraday Sell

Entry: 67.60 📍

Stop Loss: 68.88 🔴

Take Profit 1: 66.59 🟢

Take Profit 2: 65.58 🟢

Rationale: Resistance cluster at 67.60-68.88 aligns with bearish MACD momentum.

Strategic Outlook 🔭

USOIL trades near DCMP (67.44) with a neutral-to-bearish bias due to:

Resistance pressure at 67.60-68.88 zone

MACD trending below zero line

RSI divergence near overbought territory

Key Action Zones:

Bullish Scenario: Break above 68.88 to target 72.91.

Bearish Scenario: Close below 65.25 opens path to 62.29.

⚠️ Risk Note: Monitor OPEC supply decisions and geopolitical tensions for volatility triggers.