📈 USOIL 18th March 2025 Daily Analysis Based on Main Key Levels

Current Market Price (CMP): 67.59

🎯 Immediate Price Context

Above CMP (Resistance):

Immediate Resistance: 67.76

Breakout Threshold: 68.37

Below CMP (Support):

Critical Support: 66.77

Downside Target: 65.18

Swing High/Low (4H/Daily):

Swing High: 73.11

Swing Low: 65.32

🔍 Technical Snapshot

Key Levels: Resistance cluster at 67.76–68.37; Support shelf at 66.77–65.18.

Fibonacci Zones: 65.18–66.77 aligns with 61.8% retracement; 67.76–68.37 marks 38.2% extension.

RSI: Neutral at 51 (no divergence observed).

MACD: Histogram flat near zero, signaling consolidation.

💡 Trade Idea 1: Intraday Buy Setup

Entry Price: 🟢 66.77

Stop Loss: 🔴 65.79 (below immediate support)

Take Profit 1: 🟡 67.43 (pivot retest)

Take Profit 2: 🟢 67.83 (resistance cluster)

Rationale: Confluence of Fib 61.8% support and historical accumulation zone. Upside targets align with liquidity pools near swing high.

💡 Trade Idea 2: Intraday Sell Setup

Entry Price: 🔴 67.76

Stop Loss: 🟢 68.07 (above resistance shelf)

Take Profit 1: 🟡 67.04 (mid-range pivot)

Take Profit 2: 🔴 66.40 (Swing Low proximity)

Rationale: Resistance retest with bearish order-block alignment. Targets align with Fib-based support tiers.

📉 Critical Observations

Breakout Catalyst: Close above 67.76 may trigger momentum toward 68.37.

Risk Threshold: Sustained drop below 66.77 invalidates bullish bias, exposing 65.18.