🛢️ USOIL 27th February 2025 Daily Analysis Based on Main Key Levels
- Neom
- Feb 27
- 1 min read
Daily Current Market Price (DCMP): 68.72 🎯
Key Levels Relative to DCMP
Support (Below DCMP):
▶️ Immediate Support: 68.20 🟢 (Intraday Buy)
▶️ Strong Support: 67.94 🛑
▶️ Critical Support: 68.27
Resistance (Above DCMP):
▶️ Immediate Resistance: 69.33 🔴 (Intraday Sell)
▶️ Strong Resistance: 69.66 🚩
▶️ Critical Resistance: 74.09
Technical Analysis Snapshot 🔍
Fibonacci Levels: Price hovers near the 38.2% Fib retracement (68.20–69.33), indicating pivotal decision zones.
RSI Divergence: Neutral RSI (14) at 51 reflects balanced momentum.
MACD Crossover: Bearish histogram expansion on 4H charts signals short-term downside pressure.
Intraday Trade Setups 💡
Trade Idea 1: Intraday Buy
Entry Price: 68.20 🟢
Stop Loss: 67.94 🔴
Take Profit 1: 68.80 🟡
Take Profit 2: 69.33 🟡
Rationale: Alignment with weekly pivot support (68.20) and Fib 50% retracement. Bullish reversal candlesticks observed on lower timeframes.
Trade Idea 2: Intraday Sell
Entry Price: 69.33 🔴
Stop Loss: 69.66 🟢
Take Profit 1: 68.80 🟡
Take Profit 2: 68.20 🟡
Rationale: Resistance confluence at weekly pivot (69.33) and Fib 23.6% extension. MACD confirms bearish momentum acceleration.
Critical Notes ⚠️
Swing High/Low: Daily Swing High at 73.11, Swing Low at 70.16.
Risk Management: Use tight stops due to oil market volatility.
Confirmation: Require closing breaks beyond key levels for validity.
Pro Tip: Pair Fibonacci levels with volume spikes for higher-probability entries! 📉🛢️
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