🛢️ USOIL 21st March 2025 Daily Analysis: Strategic Trade Setups

📌 Current Market Price (CMP): 67.92

USOIL trades above immediate support at 67.12 and below resistance at 68.42.

🔍 Key Market Structure

▶ Resistance Zones

Near-Term Barrier: 68.42

Strong Resistance: 69.47

▶ Support Zones

Immediate Floor: 67.12

Critical Base: 66.07

▶ Swing Levels (Daily/4H)

Swing High: 73.11

Swing Low: 65.32

📊 Technical Drivers

RSI: Neutral at 48, no divergence detected.

MACD: Bearish momentum fading near the zero line.

Fib Levels: 61.8% retracement at 67.76; 127% extension at 68.37.

🎯 Intraday Trade Opportunities

1️⃣ Intraday Buy Setup

Entry: 67.76 🟢

Stop Loss: 66.72 🔴

Take Profit 1: 68.37 🟡

Take Profit 2: 69.36 🟢

Rationale: Fib 61.8% support (67.76) aligns with historical liquidity zones. MACD shows tentative bullish reversal signals.

2️⃣ Intraday Sell Setup

Entry: 68.37 🔴

Stop Loss: 69.47 🟡

Take Profit 1: 67.12 🟢

Take Profit 2: 66.07 🔴

Rationale: Fib 127% extension (68.37) converges with multi-session resistance. RSI shows overbought conditions near this zone.

⚠️ Risk Management Protocol

Activate trailing stops if price closes above 69.47 or below 66.07.

Hedge positions by closing 50% at TP1.

🔮 Strategic Insight

USOIL consolidates between 67.76-68.37. Prioritize:

Buying dips toward 67.76 with bullish candle confirmation

Selling rallies near 68.37 with volume surge validation