📈 USOIL 19th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 66.57

Key Levels:

Resistance (Above DCMP): 66.77, 67.76, 68.37

Support (Below DCMP): 65.79, 65.18

📊 Technical Snapshot

Critical Price Zones

Swing High: 73.11 (Daily/4H Frame)

Swing Low: 65.32 (Daily/4H Frame)

Fib Retracement: Price consolidating near 50% retracement zone (65.79–66.77)

RSI: Neutral on 1H, potential bearish divergence forming

MACD: Bullish crossover confirmed on 4H timeframe

💡 Intraday Trade Opportunities

Intraday Buy Setup 🟢

Entry: 65.79 📍 (Key Support Level)

Stop Loss: 64.19 🛑 (Below critical support zone)

Take Profit 1: 66.57 🎯 (DCMP Retest)

Take Profit 2: 66.77 🎯 (Immediate Resistance)

Rationale:

Strong confluence at 65.79 (support + Fib retracement)

Bullish reversal signals emerging on lower timeframes

Intraday Sell Setup 🔴

Entry: 66.77 📍 (Key Resistance Level)

Stop Loss: 67.76 🛑 (Above swing high)

Take Profit 1: 66.57 🎯 (DCMP Retest)

Take Profit 2: 65.79 🎯 (Support Zone)

Rationale:

Bearish rejection observed at 66.77–67.76 supply zone

Declining volume during upward movements indicates weakness

📉 Market Dynamics

Bullish Trigger: Sustained close above 66.77 could lead to a rally toward 67.76

Bearish Risk: Breakdown below 65.79 may accelerate selling to 65.18

Technical Indicators 🔭

Volume Profile: Thin liquidity near current levels increases volatility risks

Bollinger Bands: Price testing the lower band near 66.40

ADR (Average Daily Range): 1.5% suggests high intraday momentum

Final Outlook 🎯

USOIL remains range-bound between 65.79–66.77. Traders should adopt a fade-the-edges strategy:

Buy dips toward 65.79 with tight risk management

Sell rallies near 66.77 with trailing stops

🔑 Key Insight: DCMP (66.57) acts as a psychological pivot – holding above favors bullish bias, while breaking below signals bearish momentum.

📌 Risk Note: Keep an eye on global oil demand indicators and geopolitical developments for potential market impacts.