🛢️ USOIL 26th February 2025 Daily Analysis: Strategic Entry Zones & Critical Levels

Daily Current Market Price (DCMP): 69.06

• Swing High: 73.64 | Swing Low: 70.16

🔑 Key Levels

Support Below DCMP:

• S1: 68.20 📍 | S2: 67.13

Resistance Above DCMP:

• R1: 69.33 📍 | R2: 70.16

📉 Technical Snapshot

• RSI: 52 (Neutral Bias) | MACD: Bearish crossover near zero line.

• Fib Level: S1 (68.20) aligns with 38.2% retracement of recent swing.

💼 Trade Setups

🟢 Intraday Buy Setup

• Entry: 68.20 📍 (Confluence: Fib Support + Swing Low Cluster)

• Stop Loss: 67.13 🚫

• Take Profit 1: 69.33 ✅ | Take Profit 2: 70.16 🎯

Confirmation:

Bullish hammer candlestick at S1 with rising volume.

🔴 Intraday Sell Setup

• Entry: 69.33 📍 (Key Resistance Zone)

• Stop Loss: 70.16 🚫

• Take Profit 1: 68.20 ✅ | Take Profit 2: 67.13 🎯

Confirmation:

Bearish divergence on RSI (4H chart) with overbought signals.

🎯 Conclusion

Trade range-break strategies between S1 (68.20) and R1 (69.33). Monitor OPEC output decisions and USD volatility.

✨ Pro Tip: Use Fib extension (161.8% at 72.97) for aggressive upside targets!

📌 Key Takeaways:

Critical support at 68.20 (Fib + swing low convergence).

Resistance at 69.33 aligns with descending trendline.

MACD histogram turns negative, indicating bearish momentum.