📊 USOIL 17th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 70.80

🔑 Immediate Support & Resistance

Below DCMP (Support):

• Support 1: 70.16 | Support 2: 69.37 | Support 3: 68.07

Above DCMP (Resistance):

• Resistance 1: 71.46 | Resistance 2: 72.75 | Resistance 3: 73.55

Swing Levels (Daily/4H):

• Swing High: 80.73 | Swing Low: 72.87

📉 Technical Snapshot

• Key Zones: Critical support at 70.16 and resistance at 71.46.

• Fibonacci Levels: Retracement aligns with Support 3 (68.07) and Resistance 3 (73.55).

• RSI: Neutral (52), indicating balanced momentum.

• MACD: Bearish momentum fading near the signal line.

💡 Intraday Trade Opportunities

1️⃣ Intraday Buy Setup

• Entry: 70.16 🟢 (Strong Support Zone)

• Stop Loss: 68.07 🔴 (Below Support 3)

• Take Profit 1: 70.99 🟡 (Near DCMP)

• Take Profit 2: 71.56 🟡 (Resistance 1)

2️⃣ Intraday Sell Setup

• Entry: 71.46 🔴 (Key Resistance Zone)

• Stop Loss: 73.55 🔴 (Above Resistance 3)

• Take Profit 1: 70.42 🟡 (Support 1)

• Take Profit 2: 69.49 🟡 (Support 3)

🎯 Final Insight

USOIL hovers near DCMP (70.80). A break above 71.46 could target 72.75, while a drop below 70.16 may test 69.37. Trade with disciplined risk management and tiered profit-taking.

• Risk Note: Validate setups with live price action. Adjust dynamically to volatility. 🚨