🛢️ USOIL 24th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP):

• 70.18

• 70.18

Key Levels Relative to DCMP:

• Support (Below 70.18): 70.02, 69.33, 68.20

• Resistance (Above 70.18): 71.15, 72.27, 74.09

📉 Technical Snapshot

Critical Swing Levels:

• Swing High: 73.64 | Swing Low: 70.16

• Fibonacci Retracement: Aligns with 70.16–73.64 range.

• RSI: Neutral at 52 on 4H chart.

• MACD: Bearish crossover near resistance zones.

🚨 Trade Setups

1️⃣ Intraday Buy Opportunity

• Entry Price: 🎯 70.02

• Stop Loss: 🛑 69.33

• Take Profit 1: ✅ 70.18

• Take Profit 2: ✅ 71.15

Rationale: Strong support at 70.02 with bullish divergence on lower timeframes.

2️⃣ Intraday Sell Opportunity

• Entry Price: 🎯 71.15

• Stop Loss: 🛑 72.27

• Take Profit 1: ✅ 70.18

• Take Profit 2: ✅ 69.33

Rationale: Resistance cluster at 71.15 aligns with overbought RSI conditions.

⚠️ Critical Risk Zones

• Break Below 69.33: Accelerates decline toward 68.20.

• Break Above 72.27: Opens path to retest 74.09 resistance.

Pro Tip: Monitor price action at 70.18 DCMP for intraday bias confirmation. Tight risk management is critical in volatile oil markets! 💡